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 8 rings remained in inventory. The purchase price of each ring from the supplier is $245. In addition, the company pays $5 for shipping and delivery insurance on each ring that they purchase.

What is the companys Gross Profit for the day if it sells each ring for $606?

1) The Gross Profit for the day is $______. (Enter commas where appropriate. For example, enter 1,000 and not 1000.)