24 Required information [The following information applies to the questions displayed below] Hair World Inc is a wholesaler of hair supplies Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis 157,200 8. Sold merchandise for cash cost of merchandise 546,797) . Received merchandise returned by customers as unsatisfactory (but in perfect condition for cash refund (orienal cost of merchandise 1630 c. Sold merchandise (costing 59,095 ) to customer on account with terms 1/60 d. collected balf of the balance owed by the customer in (e) e. Granted partial allowance relating to credit kales the customer in () had not yet pald. 1,050 19,000 9.500 100 ces 4. Har World is considering a contact to sell merchandise to a halt salon chain for $24,000. This merchandise will cost Har World $14,320 What would be the increase or decrease) to Hair World's gross profit and gross profit percentage? (Round "Gross Profit Percentage" to 1 decimal place.) Gross Profit Gross Profit Percentage by to