The following is a single-step income statement for the Bonds Company: Revenues: Net Sales$800,000 Expenses: Cost of Goods Sold$ 280,000 Selling Expenses 135,000 Administrative Expenses 41,800 Interest Expense 36,000 Total Expenses 492,800 Bonds Company Income Statement For the Year Ended December 31, 2016 Net Income (Loss) $307,200 If the income statement were prepared in a multiple-step format, the gross profit percent (roundest to the nearest percent) would be: Gross profit % = Gross profit / Sales A 56%. B 69%. 74%. 65%