Hull Company reported the following income statement information for the current year:

Sales	ps	418,000
Cost of goods sold:
Initial inventory	ps	144.000
Cost of goods purchased		281,000
Cost of goods available for sale		425,000
running out of inventory		152,000
cost of goods sold		273,000
Gross profit	ps	145.000

The beginning inventory balance is correct. However, the ending inventory figure was overestimated by $28,000. 

Given this information, What is the gross profit?