So for the last step where is the 824,400 come from

Brief Exercise 5-4 (Part Level Submission) Prepare the journal entries to record the following transactions on Sheridan Company's books using a perpetual inventory system. (a) Your answer is correct. On March 2, Sheridan Company sold $916,000 of merchandise on account to Pronghorn Company, terms 2/10, n/30. The cost of the merchandise sold was $542,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Accounts Receivable 916000 Sales Revenue 916000 (To record credit sale) Cost of Goods Sold 542000 Inventory 542000 To record cost of merchandise sold) SHOW LIST OF ACCOUNTS SHOW