Based on the following data for Dave’s Supply House, determine the gross profit. Net sales...

Net sales                                                                      $92,000

Merchandise inventory, January 1, 20--                      27,000

Purchases during the year                                           60,800

Purchases returns and allowances during the year      3,100

Purchases discounts during the year                           1,300

Merchandise inventory, December 31, 20--                24,000