signment Gradebook ORION Downloadable eTextbook ament CALCULATOR Multiple Choice Question 121 Concord Corporation had the following information at December 31: Finished goods inventory, January 1 $70000 Finished goods inventory, December 31 26000 If the cost of goods manufactured during the year amounted to $1895000 and annual sales were $2994000, how much is the amount of gross profit for the year? $1055000 $1099000 $1029000 $1939000 Click if you would like to Show Work for this question: Open Show Work Quistinn Altemnt. nf 1