Answer:
$7,972
Explanation:
total invoice = $35,000
- returned merchandise = $3,600
net sales = $35,000 - $3,600 = $31,400
- sales discount = $628
net amount received = $30,772
cost of goods sold = $24,500
- COGS of returned goods = $1,700
net cost of goods sold = $22,800
gross profit earned by Abbey Co. = net amount received - net COGS = $30,772 - $22,800 = $7,972