Steps for

$$440,000$

$$1$

$$128,200.$

$$448,100$

Question $10$

For Cullumber Company, the following information is available:

$\backslash$table$[[$Cost of goods sold,$$,393,900],[$Dividend revenue,$$,19,700],[$Income tax expense,$$,39,100],[$Operating expenses,$$,139,900],[$Sales revenue,$$,606,000]]$

In Cullumber's multiple$-$step income statement, gross profit

should be reported at $$231,800.$

should not be reported.

should be reported at $$212,100.$

should be reported at $$58,800.$

Question $11$ for Sandhill Company were