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Abbey Co, sold merchandise to Gomez Co. on account, 512,800 , terms 2/15, net 30....

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Accounting

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Abbey Co, sold merchandise to Gomez Co. on account, 512,800 , terms 2/15, net 30. The cost of the merchandise sold is sa,960. Abhey Co. issued a credit memo for $2,700 for merchandise returned that originally cost $1,900. Gomez. Co. paid the invoice within the discount period. What is the amount of gross pront earned by Abbey Co. on the above transactions? The net income is 5

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