Hull Company reported the following income statement information for the current year: Sales Cost of goods sold: Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Gross profit $410,000 $132,e0e 273,e00 405,ee0 144,e00 261,000 $149,006e The beginning inventory balance is correct. However, the ending inventory figure was overstated by $20,000. Given this information, the correct gross profit would be