Scenario $-$ Same one for this entire section Ena Sharples opened a retail shop on January $1.$ She invested $$10,000$ of her own money. She rented a store for $$2,000$ per month, paying first and last month's rent on January $1.$ She bought store fittings for $ $5,000$ in cash $.$ She bought goods for resale at a cost of $$10,000,$ on credit $,$ payable on February $15.$ She incurred other expenses of $$1,000$ in January $,$ all of which were paid for in cash $.$ Her cash sales were $$15,000,$ and she also sold $ $2,000$ on credit $,$ which she expects to collect by the end of February $.$ At the end of January her inventory had a cost of $$3,000.$ Amortization on the store fittings is estimated at $$100$ for the month $.$

Question The gross profit for January was

$1.$$$10,000$

$2.$$$7,000$

$3.$$ $5\mathrm{.}000$

$4.$none of these

$5.$$$3000$