The following data are given for company x for 2020. The inventories of goods on 1/1/2020 and 31/12/2020 were 14000 and 16000 respectively. In 2020 the company made 26000 purchases of goods and received discounts for the 2000 purchases, at the same time it returned defective goods worth 1000. Finally, its sales for 2020 were 35000.

Even in 2020 the company had depreciation of fixed assets 6000, staff remuneration 11000, expenses for utility services 1500, fees of certified public accountants 3000 and other operating expenses 6500. Finally there were income from rent of 8000 and income from state subsidies 9600.

Determine the gross profit and the operating result through the use of JOURNAL ENTRIES.