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In 2021, the BowWow Company purchased 18,700 units from its supplier at a cost of $12.00 per unit. BowWow sold 19,640 units of its product

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In 2021, the BowWow Company purchased 18,700 units from its supplier at a cost of $12.00 per unit. BowWow sold 19,640 units of its product in 2021 at a price of $24.00 per unit. BowWow began 2021 with $974,220 in inventory (inventory is carried at a cost of $12.00 per unit). Using this information, compute BowWow's gross profit for 2021. Record your answer rounded to the nearest dollar. Do not include a dollar sign or commas in your answer. For example, record $1,234,567.89 as 1234568

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