The following merchandise transactions occurred in December. Both companies use a perpetual inventory system.

Dec.	3		Swifty Ltd. sold goods to Blue Spruce Corp. for $ 73,500 terms 2/10, n/30, FOB shipping point. The inventory had cost Swifty $ 34,800.
	7		Shipping costs of $ 890 were paid by the appropriate company.
	8		Blue Spruce returned unwanted merchandise to Swifty. The returned merchandise has a sales price of $ 2,100, and a cost of $ 1,120. It was restored to inventory.
	11		Swifty received the balance due from Blue Spruce.

Calculate the gross profit earned by Swifty on the above transactions.