Stubbs Company uses the perpetual inventory method. On January 1, Year 1, Stubbs purchased 850 units of inventory that cost $6.50 each. On January 10, Year 1, the company purchased an additional 600 units of inventory that cost $4.50 each. If Stubbs uses a weighted average cost flow method and sells 1,300 units of inventory for $13.00 each, the amount of gross margin reported on the income statement will be: (Round your intermediate calculations to two decimal places.)

• $9,072.

• $9,529.

• $11,900.

• $13,600.