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