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Abbey Co. sold merchandise to Gomez Co, on account, $11,600, terms n/45. The cost of the goods sold was 58,120 . Abhey Co. issued a

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Abbey Co. sold merchandise to Gomez Co, on account, $11,600, terms n/45. The cost of the goods sold was 58,120 . Abhey Co. issued a credit memo to Gemez Co. for $2,900 for merchandise returned that originally cost $2,000. Gomez Co. pad the imvice within the credit period. What amoust of gross profis is eamed by Abbey Co, on these transactions

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