The following selected data is available for the Pump Company for June of the current year.

Inventory June 1 $38,500 Inventory June 31 31,000 Purchases 45,500 Purchase Returns 800 Freight In 3,200 Sales 94,500 Sales Returns 1,400

REQUIRED:

Please use the above data to prepare a partial Income Statement and determine the June Gross Profit for the Pump Company.