A company reports sales of $$1,010,000,$ sales discounts of $$2,400,$ sales returns and allowances of $$11,400,$ cost of goods sold of $$505,000,$ general and administrative expenses of $$19,000,$ and selling expenses of $$28,000.$

Compute gross profit.

A company reports sales of $$1,180,000,$ sales discounts of $$5,800,$ sales returns and allowances of $$14,800,$ cost of goods sold of $$590,000,$ general and administrative expenses of $$36,000,$ and selling expenses of $$62,000.$

Compute gross profit.

Gross profit