On 1/1/2020, Sparty Corp. had 4,000 identical football jerseys in its Inventory, purchased for $25 each. In 2020, Sparty purchased 1,000 more jerseys for $30 cach and sold 4,500 jerseys for $40 each. If Sparty uses LIFO to record its inventory, what is the gross profit for Sparty for 2020? $62,500 $67,500 $115,000. S65,000