1) If the Ortiz Corporation purchases 100 washing machines from the Whirlpool Corporation FOB Shipping Point, who pays for the cost of shipping the machines from Whirlpool to Ortiz? 2) For the Gilmore Company, during 2021 , merchandise is sold for $140,000 cash and $410,700 on account (accounts receivable). The cost of the merchandise (goods) sold is $322,375. What is the amount of the gross margin (in dollars)? 3) The following information is available for Sheldon Corporation: Instructions: Compute each of the following as part of a Multi-Step Income Statement (please refer to Figure 6.5 and Figure 6.7 of your e-text) (a) Net sales (b) Gross margin (in dollars) (c) Income from operations (d) Gross profit margin ratio (a percentage, using Net Sales as your base of 100\%)