Fred Farley spends considerable time each year pursuing his electric train hobby $--$

occasionally attending train shows throughout the eastern half of $$the United States.

At $$shows$,$ Fred often buys and sells train cars and accessories. During $205,$Fred

recorded gross sales of $$$$1,700$at $$these events and incurred ordinary and

necessary expenses of $$$$2,000.$On $$his Form $20$x$51040,$Fred should report $...$

A Gross revenue of $$$$1,700,$but can deduct $$2,000"$for AGI."

B $$Gross revenue of $$$$1,700,$but can deduct $$2,000"$from AGI."

C $$Gross revenue of $$$$1,700,$but can deduct no $$expenditure amount

D $$Gross revenue of $$zero and no $$deduction anywhere

E $$None of $$the above