DWAC Inc. reported the following items for the current year: Sales =$4,500,000; Cost of Goods Sold =$1,500,000; Depreciation Expense =$170,000; Administrative Expenses =$150,000; Interest Expense =$30,000; Marketing Expenses =$80,000; and Taxes =$300,000. DWAC's gross profit is equal to: $1,500,000 $3,000,000 $2,500,000 $420,400