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On March 10th, West Company sold goods on account to North Company. The goods had an original cost to West of $18,000 and were shipped

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On March 10th, West Company sold goods on account to North Company. The goods had an original cost to West of $18,000 and were shipped FOB Destination on March 14th with $400 of freight collect. The goods arrived at North's facility on March 17th West lists the goods in its catalog at a $35,000 price, but was willing to offer North a 20% trade discount. Additionally, West provided North with payment terms of 2/10, n/30. North returned $7,000 of merchandise on March 18th and on March 21st paid the balance owed to West. The returned merchandise had an original cost to West of $4,500. How much gross profit will West Company report as a result of this transaction

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