11. Cambridge Company manufactures three main products, L, M, and N, from a joint process. Additional information for June production activity follows:

		L			M			N			Total
Units produced		67,000			50,000			13,000			130,000
Joint costs		?			?			?		$	460,000
Sales value at split-off	$	430,000		$	280,000		$	70,000		$	780,000
Additional costs if process further	$	98,000		$	40,000		$	22,000		$	160,000
Sale value if processed further	$	548,000		$	330,000		$	88,000		$	966,000

Assuming that the 13,000 units of N were processed further and sold for $88,000, what was Cambridge's gross profit from this sale? Assume the physical quantities method of allocation is used.