Main doinvokere&takeAssignmentSessionLocator Binprogressetalse eBook Show Me How Calculator Computing Gross Profit The following data were taken from the accounts of Fluter Hardware, a small retail business. Sales $119,500 Sales returns and allowances 940 Sales discounts Merchandise inventory, January 1 35,700 Purchases during the period 76,900 Purchases returns and allowances during the period Purchases discounts taken during the period 2,160 Freight-in on merchandise purchased during the period 1,300 Merchandise inventory, December 31 31,900 Determine the gross profit