Swifty Limited reports the following information: sales $1,305,400; cost of goods sold $802,760; administrative expenses $195,200; selling expenses $134,200; other income $31,720; other expenses $42,700; and income tax expense $32,940. Assuming Swifty uses a multiple-step statement of income.

Swifty Limited reports the following information: sales $1,305,400; cost of goods sold $802,760; administrative expensies $195,200; selling expenses $134,200; other income $31,720; other expenses $42,700; and income tax expense $32,940. Assuming $ wifty uses a multiple-step statement of income. Calculate gross profit. Gross profit