Precious, Inc. is a merchandiser of a single line of golden rings. At the beginning of the day, the shop had 10 rings in its inventory. During the day, 4 new rings were delivered to the shop. By close of business, only 8rings remained in inventory. The purchase price of each ring from the supplier is $276. In addition, the company pays $5 for shipping and delivery insurance on each ring that they purchase. What is the company's Gross Profit for the day if it sells each ring for $607? The Gross Profit for the day is$