For the year ended December 31, 2017, the job cost sheets of Cinta Company contained the following data.

Job Number // Explanation // Direct Materials // Direct Labor // Manufacturing Overhead // Total Cost 7640 Balance 1/1 $25,000 $24,000 $28,8000 $77,8000 Current year cost 30,000 36,000 43,200 109,200 7641 Balance 1/1 11,000 18,000 21,600 50,600 Current year cost 43,000 48,000 57,600 148,600 7642 Balance 1/1 58,000 55,000 66,000 179,000

Other data:

1. Raw material inventory totaled $15,000 on Jan. 1. During the year $144,000 of raw materials were purchased on account. 2. Finished goods on Jan. 1 consisted on Job No. 7638 for $87,000 and Job No. 7639 for $92,000. 3. Job No. 7640 and 7641 were completed during the year. 4. Job Nos. 7638, 7639, 7641 were sold on account for $530,000. 5. Manufacturing overhead incurred on account totaled $120,000. 6. Other manufacturing overhead consisted of indirect materials $14,000, indirect labor $18,000, and depreciation on factory machinery $8,000. Determine the gross profit to be reported for 2017. -- I know the answer is not 156,000 or 157,800