Hye-Joon as an ex-NHL hockey player owns an ice hockey shop in Minneapolis, Minnesota while working as a full-time dentist. His tax attorney, upon review, informed Hye-Joon that his shop qualifies as a hobby activity. In the past year, Hye- Joon reported net income of $105,000 (i.e., revenue of $195,000 and total expenses of $90,000) on Schedule C, Form 1040. Was his reporting correct? If not, how should the activity have been reported? A) B) Partially correct. Gross income of $195,000 should have been reported on Schedule C, 1040. Partially correct. Net income of $105,000 should have been reported on Schedule 1, Form 1040. C) Yes. No. Gross income of $195,000 should have been reported on Schedule 1, Form 1040.