A company has the following information for its financial reporting year ended May 31, 2018 EB (Click on the icon to review the data.) Determine the company's gross profit. Data Table Merchandise Inventory, June 1, 2017 Merchandise Inventory, May 31, 2018 Purchases Purchase Discounts Purchase Returns and Allowances S15,500 Freight In $ 5,500 171,000 15,000 23,000 24,500 Net Sales Revenue 91,000 Common Stock 3,500 Retained Earnings 9,000 Print Done