A company maintains a perpetual inventory system. You are provided below with the beginning inventory at July 1 as well as the details for the 4 purchases of inventory and 3 sales of inventory occurring during July: Date Unit Price Quantity Extended Beg. Balance 1-Jul $2.50 1,000 $2,500 July Purchases: Date Unit Price Quantity Extended 1 2-Jul $3.00 1,000 $3,000 2 5-Jul $3.15 1,500 $4,725 3 8-Jul $3.50 1,400 $4,900 4 13-Jul $4.15 2,000 $8,300 July Customer Sales: Date Unit Price Quantity Extended 1 3-Jul $20.00 1,600 $32,000 2 11-Jul $20.00 2,100 $42,000 3 15-Jul $20.00 2,600 $52,000 Assume the company uses the last-in-first-out cost flow assumption. How much gross profit will be reported for the July 11th sale of 2,100 units