Golf Clubs 'n Balls is a $16 million company with 1 president and the following number of sales reps in these two territories: -Eastern U.S. ($12 million in sales, 10 reps) -Western U.S. ($4 million in sales, 5 reps)

The company sells two types of products (and each rep sells both products): -Golf clubs ($10 million in sales) and -Golf balls ($6 million in sales).

And you can assume that the following list contains information on all other costs for this company:

• Each rep is paid a straight salary of $76,544
• The company president is paid a salary of $624,700
• They recently spent $281,855 for a national TV ad which focused on golf clubs only (not balls).
• Cost of goods sold is exactly 1/2 of sales (i.e., 50%)

Do a full cost analysis, allocate indirect costs as a percent of sales, in order to calculate the net profit generated by the company's line of golf clubs. Round to nearest dollar amount.