The Willie Company has provided the following information:

Operating expenses were $425,000;

Income from operations was $230,000;

Net sales were $1,600,000;

Interest expense was $89,000;

Loss from sale of investments was $97,000;

Income tax expense was $42,300.

What was Willie's gross profit?

Multiple Choice

• $790,600.

• $945,000.

• $697,300.

• $655,000.