Using the following information, what is the amount of gross profit?
Purchases
$31,466 Selling expenses
$633
Merchandise inventory, September 1
7,501 Merchandise inventory, September 30
9,088
Administrative expenses
873 Sales
56,752
Rent revenue
735
Interest expense
805
a. $56,752
b. $26,240
c. $26,873
d. $86,631