Carlos is self-employed. During the year, he had the following business income and expenses. What is his gross income for the tax year?

Income $16,050

Cost of goods sold $5,000

Advertising $1,000

Legal and professional fees $280

Office expense $125

Supplies $310

Business license $100

Utilities $420

O student submitted image, transcription available below$8,815
O student submitted image, transcription available below$11,050
O student submitted image, transcription available below$13,815
O student submitted image, transcription available below$16,050