A company reported the following information for the month of July: 
Required:
Calculate this company's gross profit.
Definitions:
Separate Legal Existence
The concept that a corporation's identity is legally distinct from its owners, thus it can own property, incur debts, and be sued in its own name.
Continuous Life
A characteristic of corporations where the company’s existence is not affected by changes in ownership or management, ensuring perpetual continuity.
Limited Liability
Limited Liability is a legal structure that limits the amount of financial risk and liability to the amounts invested in a company, protecting personal assets of the owners from business debts.
Binding Legal Contracts
Agreements that are enforceable by law, typically requiring offer, acceptance, and consideration.
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