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Abbey Co. sold merchandise to Gomez Co. on account, $47000, terms 2/15, net 45 . The cost of the merchandise sold is $23000. Abbey Co,

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Abbey Co. sold merchandise to Gomez Co. on account, $47000, terms 2/15, net 45 . The cost of the merchandise sold is $23000. Abbey Co, issued a credit memo for $4000 for merchandise returned that originally cost $6800. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co. on the above transactions

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