17 - Honest Joe's Used Cars uses the specific identification method of costing inventory. During March, Honest Joe purchased three cars for $5,000, $6,500, and $8,000, respectively. During March, two cars are sold for $7,500 each. Honest Joe determines that at March 31, the $8,000 car is still on hand. What is Honest Joe's gross profit for March a) $7,000 b) $2,000 $500 d) $3,500