The Following Are the Revenue and Expense Accounts of the Current

The following are the revenue and expense accounts of the current year for ABCO Corporation:
$\begin{array}{lr}\text { Sales revenue } & \$ 200,000 \\\text { Interest revenue } & 3,000 \\\text { Interest expense } & 6,000 \\\text { Gain from sale of land } & 2,700 \\\text { Cost of goods sold } & 120,000 \\\text { Administrative expense } & 39,000 \\\text { Loss on disposal of segment } & 45,000\end{array}$

All items are before income taxes. The income tax rate is 20%. Calculate the gross profit that should be disclosed on the income statement.