For the 2022 year, the following data were taken from the accounting records. $ Sales 900,000 Freight-out 3,600 Sales returns and allowances 30,000 Purchases 500,000 Selling expenses 4,975 Purchase returns and allowances 8,000 Depreciation expense 8,025 Freight-in 2,000 Inventory at 1/7/21 90,000 Discount allowed 2,800 Inventory at 30/6/22 130,000 Gross profit for the current year is: Select one: a. $396,600 b. $404,625 c. $416,000 d. $418,000 e. None of the above