A Moving to the next question prevents changes to this answer. Question 7 of Question 7 2.5 points Save An Use the following information to answer the question given at the bottom of the table. SBC reported the following 2003 income statement ($ thousands): 2003 Total Revenue $40,843,000 Cost of Revenue 16,653,000 Gross Profit 24.190,000 Selling, General and Administrative Expenses 9,851,000 Other Expenses 7,870,000 Operating Income $6,469,000 Project 2004 operating income assuming a 5% decrease in sales and a continuation of the 2003 percentage relation to net sales for expenses. What will be the gross profit in 2004? 11,110,500 22,980,500 33,330,500 O 44,330,500