The following information was taken from the accounting records of Bryans Auto Part for the month of March, 20--:

Sales $450,000

Sales Returns and Allowances 2,410

Sales Discounts 960

Purchases 185,000

Purchases Returns and Allowances 8,540

Purchases Discounts 6,560

Freight-In 2,225

Merchandise Inventory, March 1 48,000

Merchandise Inventory, March 31 28,000

Complete a partial income statement for the month of March, showing gross profit.

Sales

Sales returns and allowances

Sales discounts

Net sales

Cost of goods sold:

Merchandise inventory, March 1

Purchases

Purchases returns and allowances

Purchases discounts

Net purchases

Freight-in

Cost of goods purchased

Goods available for sale

Merchandise inventory, March 31

Cost of goods sold

Gross profit