Use the following information to determine the gross margin forAtlanticStates Manufacturing for the year just ended (all amounts are in thousands ($000) of dollars):

Descriptions	$
Sales	31,800
Purchases of direct materials	7,000
Direct labour	5,000
Work in process inventory, 1/1	800
Work in process inventory, 12/31	3,000
Finished goods inventory, 1/1	4,000
Finished goods inventory, 12/31	5,300
Accounts payable, 1/1	1,700
Accounts payable, 12/31	1,500
Direct materials inventory, 1/1	6,000
Direct materials inventory, 12/31	1,000
Indirect labour	600
Indirect materials used	500
Utilities expense, factory	1,900
Depreciation on factory equipment	3,500