Stubbs Company uses the perpetual inventory method and the weighted average cost flow method. On January 1, Year 2. Stubbs purchased 1,350 units of inventory that cost $11.50 each. On January 10. Year 2, the company purchased an additional 600 units of inventory that cost $7.00 each. If the company sells 1.700 units of inventory for $23 each, what is the amount of gross margin reported on the income statement? (Round your intermediate calculations to two decimal places.): Multiple Choice $27,200 $21,896 $21125 $17,204