M Corp., an accrual basis taxpayer, sells trinkets. In $2024,$ M Corp. sold $$1,020,170$ worth of trinkets.

In $2024,$ M Corp. purchased $$440,829$ worth of trinkets to sell. At the end of $2023,$ M Corp. had $$67,406$ of trinkets on hand, and at the end of $2024,$ M Corp. had $$55,290$ of trinkets on hand.

What is M Corp.$\text{'}$s gross income $($profit$)$ from the sale of trinkets in $2024?$