Cambridge 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		51,700			41,000			10,300			103,000
Joint costs		?			?			?		$	451,000
Sales value at split-off	$	421,000		$	271,000		$	61,000		$	753,000
Additional costs if process further	$	89,000		$	31,000		$	13,000		$	133,000
Sale value if processed further	$	539,000		$	321,000		$	79,000		$	939,000

Assuming that the 10,300 units of N were processed further and sold for $79,000, what was Cambridge's gross profit from this sale? Assume the physical quantities method of allocation is used.

$20,900.

$67,525.

$31,000.

$29,444.