8. Using the following information and assuming the net method, what is the amount of gross profit and net income or loss, respectively? Purchases Inventory Sep, 1 Admin Expense Rent Revenue $40,000 6,000 1.050 1,300 Selling Expense Inventory Sep 30 Sales Interest expense $1,090 7,150 50,000 2,000 a. $11,150; $8,310 b. $15,460; $4,000 c. $17,000; $6,520 d. $10,150; $7,030