Inventory Accounting Murray Industries utilizes a perpetual inventory system. During August 2020, Murray reported the following transactions: August 1: Purchased $20,000 of inventory with terms 5/10, n/30. August 5: Paid $4,750 on balance to supplier in previous transaction. August 12: Paid the remaining balance to supplier. August 15: Sold the inventory purchased on August 1st to customer for $30,000 with terms 2/5, n/60. August 18: Received $4,900 on balance from customer in previous transaction. August 28: Received an additional $20,000 payment from the customer. What amount would Murray record as gross profit for the month? Numeric Response