The following selected accounts and their adjusted balances appear in the ledger of Fernandez Co. at the end of its fiscal year: Line Item Description Amount Cash $250,000 Accounts Receivable 1,197,000 Inventory 1,790,000 Estimated Returns Inventory 23,500 Office Supplies 14,000 Prepaid Insurance 8,500 Office Equipment 870,000 Accum. Depr.-Office Equip. 580,000 Store Equipment 2,600,000 Accum. Depr.-Store Equip. 820,000 Accounts Payable 336,000 Customer Refunds Payable 39,000 Salaries Payable 43,000 Notes Payable (long-term) 200,000 Common Stock 600,000 Retained Earnings 2,850,000 Dividends 50,000 Sales 9,350,000 Cost of Goods Sold 5,840,000 Sales Salaries Expense 820,000 Advertising Expense 350,000 Depr. Exp.-Store Equip. 120,000 Miscellaneous Selling Expense 58,000 Office Salaries Expense 550,000 Rent Expense 104,000 Depr. Exp.-Office Equip. 60,000 Insurance Expense 50,000 Office Supplies Expense 26,000 Miscellaneous Admin. Exp. 12,000 Interest Expense 25,000 What is the amount of gross profit for Fernandez Co.? a.$1,335,000 b.$7,175,000 c.$2,162,000 d.$3,510,000