LeGrand Corporation reported the following amounts in its incomestatement:

Sales revenue	$440,000
Advertising expense	60,000
Interest expense	10,000
Salaries expense	55,000
Utilities expense	25,000
Income tax expense	45,000
Cost of goods sold	180,000

What was LeGrand's gross profit?

$220,000.

$120,000.

$260,000.

$180,000.