uestion 2 of 6 1.7/3.4 Lalonde's Sales Ltd., a small Ford dealership, has provided you with the following information with respect to its vehicle inventory for the month of July. The company uses the specific identification cost formula. Date Explanation Model Serial # Unit Cost/Price July 1 Beginning inventory Fusion C81362 $24,600 F-150 F1883 25.100 F-150 F1921 28,100 Mustang G62313 29.400 Flex X3892 31.800 8 Sales Fusion C81362 25.200 Mustang G62313 32.900 15 Purchases Mustang 30.900 G71811 Flex X4214 31.500 Escape E21202 29.400 28C Advisory G O EP earch 3 acer Mustang G71891 27,600 Flex X4212 30,100 21 Sales Mustang G71891 33.900 F-150 F1921 32,200 Flex X3892 33.500 Escape E21202 32.700 23 Purchases Fusion 27.700 C81528 Escape E28268 30.000 X Your answer is incorrect. Determine the gross profit for the month of July. Gross profit $