Tisdale Company started the year with the following beginning account balances: Raw Materials Inventory, $41,000; Work in Process Inventory, $89,000; and Finished Goods Inventory, $19,000.During the year, the company purchased $59,000 of raw materials and ended the year with $15,000 of raw materials. Direct labor costs for the year were $119,000 and a total of $35,000 of manufacturing overhead costs were allocated to work in process. There was no over- or underapplied overhead. Ending work in process was $81,000 and ending finished goods was $34,000. Goods were sold to customers during the year for $349,000. How much gross margin would be reported for the year?