10 11 12 Cost of Merchandise Sold 7,590 Merchandise Inventory 7,590 13 14 15 Question 10 (5 points) 16 17 18 Abbey Co. sold merchandise to Gomez Co. on account, $35,000, terms 2/15, net 45. The cost of the merchandise sold was $24,500. Abbey Co. issued a credit memo for $3,600 for merchandise returned that originally cost 19 20 $1,700. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co. on the above transactions? Your