On June 30, B&B Inc. a food catering service in Plano had billable revenue of $15,400 for the month of June, cost of goods sold of $14,200. B&B also collected $11,800 of cash for walk in sales for the month and had Administrative Expenses of $400.

Under point-of-sale revenue recognition, how much gross profit will B&B recognize during the year?

A.            $15,400

B.            $12,600

C.            $11,800

D.            $13,000