On January 1, 2020, Blossom Corporation had inventory of $53,000. At December 31, 2020, Blossom had the following account balances.

Freight-in		$4,900
Purchases		508,000
Purchase discounts		7,350
Purchase returns and allowances		2,100
Sales revenue		807,500
Sales discounts		5,200
Sales returns and allowances		10,400

At December 31, 2020, Blossom determines that its ending inventory is $63,000.

Compute Blossoms 2020 gross profit.

Gross profit

$

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Compute Blossoms 2020 operating expenses if net income is $136,000 and there are no nonoperating activities.

Operating expenses

$