A retail entity provides the following selected items reported on the company's 12/31/2019 financial statements: Sales Revenue $5,000,000 Cost of Goods Available for 3,500,000 Sale Operating Expenses 900.000 Sales Discounts 100,000 Sales Returns & Allowances 750,000 Ending Inventory: If LIFO is used If FIFO is used 875,000 1,050,000 Assuming the company uses the LIFO cost flow assumption, what value was reported as gross profit on the 12/31/2019 multiple step income statement? O None of the answer choices provided are correct. $3,275.000 $2.375.000 $4,875.000 $1.525.000