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Abbey Co. sold merchandise to Gomez Co. on account, $20,900, terms 2/15, net 30. The cost of the merchandise sold is $14,630. Abbey Co. issued

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Abbey Co. sold merchandise to Gomez Co. on account, $20,900, terms 2/15, net 30. The cost of the merchandise sold is $14,630. Abbey Co. issued a credit memo for $3,000 for merchandise returned that originally cost $2,100. Gomez Co. pald the involce within the discount period. What is the amount of gross profit earned by Abbey Co. on the above transactions? The net income is si

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