5 O Part 1 of 4 Required information PA6-3 Recording Sales with Discounts and Returns and Analyzing Gross Profit Percentage [LO 6-4, LO 6- 5] (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: 05 points $67,200 a. Bold merchandise for a cont of merchandise $36, 797) 5. Received herehandise returned by unterstintactory (but in perfect condition) for cash refund (original cost of merchandise $480 c. Sold merchandise (costing $6,650 to customer account with terns n/60. d. Collected half of the balance owed by the customer in e): e. Granted a partial allowance relating to credit sales the customer in (e) had not yet paid. 800 14,000 7.000 PA6-3 Part 1 Required: 1. Compute Net Sales and Gross Profit for Hair World Net Sales Gross Profit D 10: Naut