QUESTION 21 For Blue Baker Company, the following information is available: Cost of goods sold $390,000 Dividend revenue 15,000 Income tax expense 36,000 Operating expenses 138,000 Sales revenue 600,000 In Blue Baker's multiple-step income statement gross profit A. should not be reported B. should be reported at $51.000. C. should be reported at $210,000. D.should be reported at $225,000