Ace Company reported the following information for the current year $414,000$ Sales Cost of goods sold : Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Gross profit $138,000277,000415,000148,000267,000147,000$ The beginning inventory balance is correct. However, the ending inventory figure was overstated by $$24,000.$ Given this information, the correct gross profit would be: