Advertising 82,300 Beginning of year inventory 193,340 Depreciation 26,020 Dividends paid to common stockholders 22,640 End of year inventory 64,350 General and administrative expenses 34,560 Gross sales 2,146,800 Interest expense 8,350 Lease payments 19,860 Management salaries 102,780 Purchases 407,300 Research and development 1,930 Returns and allowances 6,960 Taxes 20,970 17. What was operating profit (i.e., EBIT) from Peachtree Boutique's income statement for the year ending December 31, 2023