9-Cazadores Tequila company received $240,000 from customers as deposits on returnable barrels used in the making of their anejo tequila. During 2024. Ten percent of the containers were not returned. The deposits are based on the container cost marked up 20%. How much profit did Cazadores realize on the forfeited deposits? Note: Do not round intermediate calculations.

Multiple Choice

$4,000

$0

$4,800

$24,000