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Abbey Co. sold merchandise to Gomez Co. on account, $34,000, terms 2/15, n/45. The cost...

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Accounting

Abbey Co. sold merchandise to Gomez Co. on account, $34,000, terms 2/15, n/45. The cost of the goods sold was $14,693. Abbey Co. issued a credit memo for $4,100 for merchandise returned that originally cost $1,189. What is the amount of gross profit earned by Abbey Co. on these transactions?

a.$13,504

b.$19,816

c.$16,396

d.$4,100

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