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Abbey Co. sold merchandise to Gomez Co, on account, $32,500, terms 2/15, net 45. The cost of the merchandise sold was $13,100. Abbey Co. issued

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Abbey Co. sold merchandise to Gomez Co, on account, $32,500, terms 2/15, net 45. The cost of the merchandise sold was $13,100. Abbey Co. issued a credit memo for $3,700 for merchandise returned that originally cost $1,00o. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co. on the a. $31,850 $16,124 c. $3,700 d.$28,224

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