Anchorage Company manufactures three main products, L, M, and N, from a joint process. Additional information for June production activity follows:

	L	M	N	Total
Units produced	54,500	43,600	10,900	109,000
Joint costs	?	?	?	$540,000
Sales value at split-off	$457,800	$294,300	$65,400	$817,500
Additional costs if process further	$ 106,000	$ 39,000	$14,250	$159,250
Sale value if processed further	$547,000	$329,000	$87,000	$963,000

Assuming that the 10,900 units of N were processed further and sold for $87,000, what was Anchorage's gross profit from this sale? Assume the physical quantities method of allocation is used.