Nov 4 Purchased $5,800 of merchandise on account from Goodsale Tire. Terms, 4/15, n/45, FOB shipping point. Goodsale Tire prepaid the $100 shipping cost and added the amount to the invoice. 7 Purchased $100 of supplies on account from Office Supplies. Terms, 1/10, n/30,FOB destination. 9 Sold $1,700 (cost, $200 ) of merchandise on account to W. Furmick. Terms, 1/15,n/45, FOB destination. 11 Paid $105 freight charges to deliver goods to W. Furmick. 13 Returned $400 of the merchandise purchased on November 4 and received a credit. 15 Sold $840 (cost, $400 ) of merchandise to cash customers. 16 Paid for the supplies purchased on November 7. 18 Paid Goodsale Tire the amount due from the November 4 purchase in full. 20 W. Furmick returned $200 (cost, $100 ) of merchandise from the November 9 sale. 22 Purchased $2,100 of inventory. Paid cash. 23 Received payment in full from W. Furmick for the November 9 sale. 30 The refund liability for the month of November was estimated to be $250. The cost of goods estimated to be returned was $100. Requirement 2. What was Best Deal Tire, Inc.'s gross profit for the month of November? Begin by selecting the formula, and then enter the amounts to determine gross profit for the month