G C Det 709 170 17 000 57 700 15 300 23 000 1150 30 420 HO RECUE Per plant quipment on Resumand depreciation Long-rom Investments in bonds Inventory con receivable, gross Nowance for doubt accounts Sash Share capital ordinary ( par) Antoined comings Bonds payable (long-term) Accred Habities (short-term) counts payable Notes payable (short-term) Bales revenue Cost of goods sold Selling expenses had debt expense Cash dividends Totals 756 000 53 000 9 000 1 100 BOO 840 24 900 11 400 4 400 2 600 1 800 863 790 863 790 Date LOOT Co searched for external financing to upgrade Its Inventory tracking system. On January 1, 2021, LOOT Comcelves 614400 in cash from the lender, and LOOT Co. agrees to pay the lender 15800 on September 1, 2021. This is a zero-Interest short-term loan with a term of 8 months. LOOT CO. used the money to purchase a computer for 12400 on January 1, 2021, to track its Inventories. The company Intends to depreciate the computer over 4 years using the double-declining balance method with a residual value of 6 000 on July 1 2071. LOOT CA prepaid 1600 as payment in full for a two-year subscription of an inventory tracking software, they booked this payment as a prepold selling expense. The subscription started on the purchase date. During July 2021, the tracking software has recorded the following purchases and sales. All purchases and sales are on account per unit Units July 1 2021 Beginning Balonce Inventory 1 000 July. 6. 2021 Purchase July 8, 2021 Sale July 12, 2021 Purchase July 22, 2021 Purchase July 28, 2021 Sale Assuming LOOT CO. uses the FIFO cost flow assumption, compute the differences in gross profit under a perpetual system and a periodic system for July 2021. [Round your answer to the nearest Integer and report the difference os an absolute value enB%D