Mercer Company uses a perpetual inventory system. On October 1, Mercer Company sold inventory on account in the amount of $11,920 to Stetson Company, terms 5/10, n/30. The items cost Mercer $6,437. On October 4, Stetson returns some of the inventory. This inventory returned had a selling price of $600 and a cost of $200. On October 8, Stetson Company paid Mercer Company the amount due on that date.

What is the amount of cash received by Mercer Company on October 8 for the receipt of payment from Stetson?