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Sunland Company had the following information at December 31: Finished goods inventory, January 1 $80000 Finished goods inventory, December 31 126000 of the cost of

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Sunland Company had the following information at December 31: Finished goods inventory, January 1 $80000 Finished goods inventory, December 31 126000 of 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? $1099000 $1145000 $1019000 $1849000

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