Campus stop

8 0 Required information The following information applies to the questions displayed below Campus Stop, Inc, is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions Part 4 of 4 (summarized) have been selected for analysis 6.66 points a. Sold nerchandise for cash (cost of merchandise $149,s1e) b. Received merchandise returned by custoners as unsatisfactory (but in perfect condition) for cash refund 268,900 (original cost of merchandise $768) c. Sold merchandise (costing $7,650) to a customer on account with terms n/3e. d. Collected half of the balance owed by the customer in (c) e. Granted a partial allovance relating to credit sales the customer in (c) had not yet paid 1,710 17,000 8,5ee 1,740 Print 4. Campus Stop is considering a contract to sell merchandise to a campus organization for $14,000. This merchandise will cos Campus Stop $11,000. Would this contract increase (or decrease) Campus Stop's dollars of gross profit and its gross profit percentage? TP The impact on gross profit dollars may differ from the impact on gross profit percentage (Round "Gross Profit Percentage" to 1 decimal place.) Gross Profi ncreased by$ 3,000 to Gross Profit Percentage decreased