What is the amount of gross profit for Fernandez Co.? a. $1,335,000 b. $3,510,000 c. $7,175,000 d. $2,162,000

The fo*lowing selected accounts and their current balances appear in the ledger of Fernandez Co. at the end of its fiscal year. Accounts Receivable Estimated Retums Inventory Office supplies Prepaid Insurance Office Equipment Accum. Depr.Office Equip. Store Equipment Depr.Store Equip. Accounts Payable Customer Refunds Payable Salaries payable Notes payable (long term) Stock $250,000 23,500 14,000 8, soo 870,000 580.000 820,000 336,000 39,000 43,000 200,000 600,000 Retained Earnings Dividends sales Cost of Goods Sold Sales Salaries Expense A d v Expense Depr. Exp.Store Equip. Miscellaneous Selling Expense Office Salaries Expense Rent Expense Oepr. Exp.Office Equip. Insurance Expense Office Supplies Expense Miscellaneous Admin. Interest Expense 50,000 820.000 350,000 120,000 58,000 sso,ooo 104,000 60,000 50,000 26,000 12,000 25,000 What is the amount of gross profit for Fernandez Co. ? s I .33s,ooo