Refer to the following trial balance.

	Debit	Credit
Cash	$16,000
Accounts Receivable	42,000
Merchandise Inventory	62,000
Supplies	18,000
Land	300,000
Accounts Payable		$3,000
Notes Payable		22,000
Common Stock		277,000
Retained Earnings		22,000
Dividends	5,000
Sales Revenue		464,000
Cost of Goods Sold	200,000
Salaries Expense	17,000
Utilities Expense	68,000
Rent Expense	55,000
Interest Expense	5,000	________
Totals	$788,000	$788,000

How much is the gross profit?