7. In 2020, the Kilmar Design Agency, Inc. purchased 2,598,600 units from its supplier at a cost of $62.00 per unit. Kilmar Design Agency sold 2,768,450 units of its product in 2020 at a price of $93.00 per unit. Kilmar Design Agency began 2020 with 345,900 units in inventory (inventory is carried at a cost of $62.00 per unit). Using this information, compute Kilmar Design Agency's gross profit for 2020. 8. Referring to the previous question, compute Kilmar Design Agency's 2020 ending inventory balance in dollars (valued at cost per unit of $62.00)