Mahoney, Inc. reports the following information in its annual report:

January $1,2024$

December $31,2024$

Inventory value at LIFO

$$1,500,000$

$$1,600,000$

LIFO reserve

$40,000$

$50,000$

Inventory value at FIFO

$$1,540,000$

$$1,650,000$

Sales for $2024$ totaled $$10,000,000.$ Cost of goods sold under LIFO totaled $$6,700,000.$ What is Mahoney$$s $2024$ inventory balance, cost of goods sold and gross profit if it uses the FIFO method?