Jack and Jill run "Up the Hill" Enterprises. They are married and file a joint tax return. Up the Hill is a venture dedicated to all aspects of rock climbing. They have inventory, a website, and occasionally provide guided tours. The receipts for Up the Hill for this tax year have been recognized as follows: 1099-MISC 1099-K Direct Payments $17,300 $21,500 $10,150 The expenses for Up the Hill have been identified as follows: Advertising Truck Expenses Commissions Insurance (Biz) Legal Fees Office Expense Site Rentals Travel Other Expenses Small Tools $1,000 $12,000 $1,100 $2,400 $1,800 $9,000 $14,000 $32,700 $6,000 $3,300 Using the information for Up the Hill Enterprises, answer the following: What does Part III of Schedule C calculate? Choose one answer. a. Part V Information b. Business Use of the Home c. Form 1125A X d. Cost of Goods e. None of these