$1$

Required information

$[$The following information applies to the questions displayed below.$]$

Hughes Hair Design is a wholesaler of hair supplies. Hughes Hair Design uses a perpetual inventory system. The following transactions $($summarized$)$ have been selected for analysis:

a$.$ Sold merchandise for cash $($cost of merchandise $$35,637).$

b$.$ Received merchandise returned by customers as unsatisfactory $($but in perfect condition$)$ for cash refund $($original cost of merchandise $$410).$ during the year.

$450$

Required:

Compute Net Sales and Gross Profit for Hughes Hair Design.

$\backslash$table$[[$Net Sales,$],[$Gross Profit,$]]$