TB MC Qu$.04-50($Algo$)$ Darlington Company experienced the following business...

Darlington Company experienced the following business events during its first month of operations. The company uses the perpetual inventory system.

$1)$ The company purchased $$13,900$ of merchandise on account under terms $4/10,$ n$/30.$

$2)$ The company returned $$2,600$ of merchandise to the supplier before payment was made.

$3)$ The liability was paid within the discount period.

$4)$ All of the merchandise purchased was sold for $$21,600$ cash.

What is the gross margin that results from these four transactions?

Multiple Choice

$$5,100$

$$7,700$

$$10,752$

$$10,848$