Using the following information, what is the amount of gross profit?
|
Purchases
|
$32,000
|
|
Selling expense
|
$ 960
|
|
Merchandise inventory, September 1
|
5,700
|
|
Merchandise inventory, September 30
|
6,370
|
|
Administrative expense
|
910
|
|
Sales
|
63,000
|
|
Rent revenue
|
1,200
|
|
Interest expense
|
1,040
|