For Mortenson Company, the following information is available:

Cost of goods sold $ $60,000$

Dividend revenue $2,500$

Income tax expense $6,000$

Operating expenses $23,000$

Sales $100,000$

In Mortenson's single$-$step income statement, gross profit

A$.$ should not be reported.

B$.$ should be reported at $$13,500.$

C$.$should be reported at $$40,000.$

D$.$should be reported at $$42,500.$