Crane Corporation began operations in $2025.$ During the year, the company earned sales revenues of $$1686800$ with related cost of goods sold of $$858600.$ The company incurred administrative expenses of $$514600$ and had other expenses and losses of $$6000.$ Income tax expense was $$37200$ and dividends of $$40200$ were paid. The company will report gross profit for $2025$ of

$$788000.$

$$828200.$

$$315800.$

$$858600.$