Tom, a Cash Basis Sole Proprietor, Provides the Following Information

Multiple Choice

Tom, a cash basis sole proprietor, provides the following information: $\begin{array}{llcc} \text { Gross receipts } &\$30,000 \\ \text { Dividend income (on personal investments) } &200\\ \text { Cost of sales} &15,400\\ \text { Other operating expenses } &3,000\\ \text {State busines s taxes paid } &300\\\end{array}$


What amount should Tom report as net earnings from self-employment?

A) $10,900
B) $11,300
C) $11,400
D) $14,400
E) None of the above