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The below transactions are for Elliot Bookstore for March: Elliot Bookstore sold 30,000 of books...

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Accounting

The below transactions are for Elliot Bookstore for March: Elliot Bookstore sold 30,000 of books at an average price of $20 per book. All customers paid with cash. The weighted average inventory cost of each book was $8 per book. Elliot Bookstore sold $2,000 of gift cards. No gift cards were redeemed in March. In the month of March, Elliot Bookstore had employees work and earn $9,000. The company will pay those employees in April. How much net income will Elliot Bookstore report for the month of March

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