The following information is provided for Kelly Plumbing Supply.

Cash received from customers during December 2014 .............. $387,000

Cash paid to suppliers for inventory during December 2014 ....... 131,000

Cash received from customers includes November accounts receivables of $139,000. Sales totaling $141,000 were made on account during December and are expected to be collected in January 2015. Cash paid to suppliers in December included payments of $19,000 for inventory purchased and used in November. All inventory purchased in December and $39,000 of inventory purchased in November was used in December.

Required:

What is gross profit for the month of December under accrual accounting?