Use the following transactions of Leon Company to answer the next question. The perpetual inventory method is used. Leon Company purchased merchandise inventory that cost $15,000 under terms of 2/10 n/30 and F.O.B shipping point Freight cost of $500 to have the merchandise delivered to Leon was paid in cash by the responsible party. Payment for the merchandise was made eight days after the purchase. All of the goods were sold to customers on account for $25,000 and delivered under terms F.O.B shipping point. The freight cost of $500 was paid in cash by the responsible party. As a result of the transactions of Leon Company, what is their gross margin? a. $9, 800 b. $10, 300 c. $9,000 d. $9, 200 e. $9, 500