On January 1, Alistair Manufacturing had a beginning balance in Work-in-Process Inventory of $164,000 and a beginning balance in Finished Goods Inventory of $22,000. During the year, Alistair incurred manufacturing costs of $203,000 During the year, the following transactions occurred: Job C-62 was completed for a total cost of $140,000 and was sold for $158,000. Job C - 63 was completed for a total cost of $182,000 and was sold for $214,000. Job C-64 was completed for a total cost $80,000 but was not sold as of year-end. The Manufacturing Overhead account had an unadjusted credit balance of $24,000 and was adjusted to zero at year-end. What was the amount of gross profit reported by Alistair at the end of the year?