1) Green Company purchased merchandise inventory that cost $17,000 under terms of 2/10, n/30 and FOB shipping point.

2) Green Company paid freight cost of $700 to have the merchandise delivered.

3) Payment was made to the supplier on the inventory within 10 days.

4) All of the merchandise was sold to customers for $25,500 cash and delivered under terms FOB destination with freight cost amounting to $500.

What is the amount of gross margin that results from these transactions?

What is the net cash flow from operating activities that results from these transactions?