For the year 2015, McGuire's Auto had Operating Income of$320,000. It also had the following expenses:

• Salaries and Wages Expense $75,000
• Building and Utilities Expense $86,000
• Interest Expense $122,000
• Income Tax Expense $84,000
• Cost of Goods Sold (COGS) for the year was $440,000

What would McGuire's Auto's gross profit be for 2015?

$481,000

$687,000

$440,000

$526,000