379. The following information is available for XYZ Corporation for the year ended December 31, 2023:

Item	Amount ($)
Sales Revenue	14,400,000
Cost of Goods Sold	7,200,000
Gross Profit	?
Operating Expenses	7,250,000
Depreciation Expense	12,400,000
Net Income	?

Requirements:

1. Calculate the Gross Profit.
2. Determine the Net Income.