Gross billings for merchandise sold by Dennis Company to its customers last year amounted to $12,720,000; sales returns and allowances were $370,000, sales discounts were $175,000, and Cost of Goods Sold was $8.440,000. On it multi-step income statement for the year, what will Dennis report as Gross Profit? $4,280,000 O $3,735,000 O $12,175,000 $4,825,000