Computing Gross Profit

The following data were taken from the accounts of Fluter Hardware, a small retail business.

Sales $$120,700$

Sales returns and allowances $920$

Sales discounts $560$

Merchandise inventory, January $135,300$

Purchases during the period $77,300$

Purchases returns and allowances during the period $4,230$

Purchases discounts taken during the period $2,320$

Freight$-$in on merchandise purchased during the period $1,360$

Merchandise inventory, December $3131,800$

Determine the gross profit.