Question: The following data include all the elements from Cambridge Company's income statement: Administrative Expense $872 Cost of Goods Sold 3,604 Gain on Sale of Securities.

The following data include all the elements from Cambridge Company's income statement:

Administrative Expense $872

Cost of Goods Sold 3,604

Gain on Sale of Securities. 623

Income Tax Expense. 1,234

Loss on Discontinued Operations. 1,229

Loss on Disposal of Equipment. 237

Revenue. 8,741

Selling Expense. 1,425

What is the amount of gross profit for Cambridge Company?

  1. $3,903
  2. $1,606
  3. $4,526
  4. $5,137

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