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During the months of January, Pearson Corporation sold goods to customers. Assume Pearson uses a...

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Accounting

During the months of January, Pearson Corporation sold goods to customers. Assume Pearson uses a perpetual inventory system.. The sequence of events was as follows:

Date

Transaction

Jan.6

Sold goods for $1,440 to Kate Inc. with terms 1/15, n/30. The goods cost Pearson $555.

Jan 10

Sold goods to Randall Corp for $1,530 with terms 1/15, n/30. The goods cost Pearson $852.

Jan 19

Collected cash due from Kate Inc.

What is the gross profit from these transactions?

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