Wood's warehouse burned down on April $1$ of Year $4.$ The following information $($up to the date of the fire$)$ was taken from the Year $4$ records of the company: inventory, January $1,$$$105,000$; gross sales, $$560,000$; purchases, $$315,000$; sales returns $($restored to inventory$),$ $$17,500$; purchase returns and allowances, $$7,000$; and freight$-$in$,$ $$28,000.$ The cost of goods sold and gross profit for the past three years follow.

$\backslash$table$[[$Year$,$Cost of Goods Sold,Gross Profit$],[$Year $1,$$$1,750,000,$$$437,500$