1. Expert Manufacturing reported the following: Revenue Beginning inventory of direct materials, January 1, 2019 Purchases of direct materials Ending inventory of direct materials, December 31, 2019 Direct manufacturing labor Indirect manufacturing costs Beginning inventory of finished goods, January 1, 2019 Cost of goods manufactured Ending inventory of finished goods, December 31, 2019 Operating costs $460,000 30,000 15,800 16,000 26,000 42,000 45,000 97,800 41,000 158,000 Required: What is Expert's net profit