Use this information to answer the following question. Not yet answered Sales 293,000 Sales Returns and Allowances 10,000 Marked out of 5.00 Purchases 68,000 Flag question Purchases Returns and Allowances 8,000 Freight-In 12,000 Selling Expenses 30,000 General and Administrative Expenses 110,000 Time left 0:42:38 Hide In addition, the beginning merchandise inventory was $22,000, and the ending merchandise inventory was $13959. Based on the above-given information, determine the value of gross profit for the period