1. The following information is available for Mire Manufacturing Company for the month ending December 31:

Description	Amount
Cost of goods manufactured	$4,890,000
Selling expenses	560,000
Administrative expenses	420,000
Sales	6,900,000
Finished goods inventory, December 1	840,000
Finished goods inventory, December 31	775,000

For the month ended January 31, determine Bandera Manufacturings (A) cost of goods sold, (B) gross profit, and (C) net income.