Schumacher Company uses the perpetual inventory system, and it engaged in the following transactions during 2009: 1) Started the business by issuing common stock for $7,500 cash 2) Paid cash to purchase $5,000 of inventory 3) Sold inventory that cost $3,000 for $7,250 cash 4) Incurred and paid operating expenses, $250 Schumacher Company engaged in the following transactions during 2010: 1) Paid cash to purchase $5,800 of inventory 2) Sold inventory that cost $7,000 for $15,150 cash 3) Incurred and paid operating expenses, $500

The gross margin for the year 2009 is?

The amount of Retained Earnings at December 31, 2009 is?