find gross profit

a Cullumber Wholesalers uses a perpetual inventory system. Stellar Stores purchases $9,300 of merchandise for resale from Cullumber Wholesalers, terms 2/10,n/30, FOB shipping point. Mar. 1 The correct company pays $170 for the shipping charges. 2 Stellar returns $1,000 of the merchandise purchased on March 1 because it was the wrong colour. Cullumber gives Stellar a $1,000 credit on its account. 3 21 Stellar Stores purchases an additional $13,000 of merchandise for resale from Cullumber Wholesalers, terms 2/10,n/30. FOB destination. The correct company pays $190 for freight charges. Stellar returns $500 of the merchandise purchased on March 21 because it was damaged. Cullumber gives Stellar a $500 credit on its account. 22 23 30 Stellar paid Cullumber the amount owing for the merchandise purchased on March 1. 31 Stellar paid Cullumber the amount owing for the merchandise purchased on March 21