For Sandhill Co., the following information is available: In Sandhill's single-step income statement, gross profit In Sandhill's single-step income statement, gross profit should be reported at $69300. should not be reported. should be reported at $228000. should be reported at $242300. Gross billings for merchandise sold by Wildhorse Co. to its customers last year amounted to $12710000; sales returns and allowances were $365000, sales discounts were $175300, and freight-out was $141000. Net sales last year for Wildhorse Co. were $12710000.$12345000$12028700$12169700