During the year, Cold purchased the following Identical 65 inch plasma TVs from Samsung and paid $1,500 each for serial #s 501, 502, 503, 504 $1,450 each for serial #s 620, 621 $1,600 each for serial #s 755, 756, 757 During the year Cold was able to sell 7 of the TVs for $2,500 each. What is the maximum gross profit Cold could report during the year on these units if they were able to pick the units they sold (L.e., specific Identification method).