calculate net sales ans gross profit! :)

Required information CP6-3 (Algo) Recording Cash Sales, Credit Sales, Estimated and Actual 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) Handy Howard's Incorporated, is a student co-op. Handy Howard uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: $ 280,500 0. Sold merchandise for cash (cost of merchandise $154,870) b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $608). c. Sold merchandise (costing $9,180) to a customer on account with term n/30. d. Collected half of the balance owed by the customer in (c) e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. f. Anticipate further returns of merchandise (costing $204) after month-end from sales made during the month. . 1,630 20,400 10,200 1,140 720 CP6-3 (Algo) Part 1 Required: 1. Compute Net Sales and Gross Profit for Handy Howard Net Sales Gross Prolit