Current Attempt in Progress

Waterway Industries had the following information at December $31$:

Finished goods inventory, January $1,$$$44000$

Finished goods inventory, December $31,160000$

If the cost of goods manufactured during the year amounted to $$2136000$ and annual sales were $$2758000,$ the amount of gross

profit for the year is

$$506000.$

$$2020000.$

$$622000.$

$$738000.$