The financial data provided is as follows: inventory at 1 January 2016: $800$ inventory at 31 December 2016: $1010$ purchases: $9260$ carriage inwards: $130$ revenue: $18000$ discount received: $700$ other costs: $3880$ What are the amounts of gross profit and profit for the year?
- Agross profit $8820$, profit for the year $4240$
- Bgross profit $8820$, profit for the year $5640$
- Cgross profit $9080$, profit for the year $5900$
- Dgross profit $9520$, profit for the year $5640$