Denali Limited, a manufacturing company, had the following income statement information:

Revenue

$$4,000,000$

Cost of goods sold

$$3,000,000$

Other operating expenses

$$500,000$

Interest expense

$$100,000$

Tax expense

$$120,000$

Denali$$s gross profit is equal to:

$$280,000.$

$$500,000.$

$$1,000,000.$