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Abbey Co . sold merchandise to Gomez Co . on account, $ 2 9 , 4 0 0 , terms 2 / 1 5 ,

Abbey Co. sold merchandise to Gomez Co. on account, $29,400, terms 2/15, n/45. The cost of the goods sold was $14,910. Abbey Co. issued a credit memo for $3,500 for merchandise returned that originally cost $1,266. What is the amount of gross profit earned by Abbey Co. on these transactions?
a. $15,168
b. $12,256
c. $13,644
d. $3,500

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