-068 with hints SA 2 rt 1 of 4 Required Information CP6-3 Recording Cash Sales, Credit Sales, Sales Returns, and Sales Allowances and Analyzing Gross Profit Percentage [LO 6-4, LO 6-6] [The following information applies to the questions displayed below] Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions summarized) have been selected for analysis: Ants $276,700 Book a. Sold merchandise for cash (cost of mrchandise $152,599) bReceived merchandise returned by customers as unsatisfactory out in perfect condition) for cash refund (original cost of merchandise 5810) c. Sold merchandise (costing $9,450) to a customer on account with teras n/30. d. Collected half of the balance owed by the customer in (e) . Granted a partial allowance relating to credit sales the customer in (c) had not yet paid 1,00 21,000 10,500 Pot 1,820 CP6-3 Part 1 Required: 1. Compute Net Sales and Gross Profit for Campus Stop Net Sales Gross Profit