A corporation sells inventory to customers for $400,000 in 2022. The cost of goods sold in 2022 is 230,000. The corporation has additional operating (selling & administrative expenses) of $110,000 in 2022. Calculate the gross profit for 2022. You must include the calculation in order to receive credit.

A corporation sells inventory to customers for $400,000 in 2022 . The cost of goods sold in 2022 is 230,000 . The corporation has additional operating (selling \& administrative expenses) of $110,000 in 2022. Calculate the gross profit for 2022 . You must include the calculation in order to receive credit