The Following Information Was Taken from the Accounting Records of Bay

The following information was taken from the accounting records of Bay Village Paving Co. for the month of January, 20--: $\begin{array}{lr}\text { Sales } & \$ 857,000 \\\text { Sales Returns and Allowances } & 1,876 \\\text { Sales Discounts } & 627 \\\text { Purchases } & 378,000 \\\text { Purchases Returns and Allowances } & 9,560 \\\text { Purchases Discounts } & 2,760 \\\text { Freight-In } & 3,700 \\\text { Merchandise Inventory, January 1 } & 111,000 \\\text { Merchandise Inventory, January 31 } & 106,000\end{array}$ Complete a partial income statement for the month of January, showing gross profit.