Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis:

a.	Sold merchandise for cash (cost of merchandise $145,950).	$	261,800
b.	Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $710).		1,660
c.	Sold merchandise (costing $6,300) to a customer on account with terms 2/10, n/30.		14,000
d.	Collected half of the balance owed by the customer in (c) within the discount period.		6,860
e.	Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid.		1,680

9.

value: 10.00 points

Required information

Required:

1.	Compute Sales Revenue, Net Sales, and Gross Profit for Campus Stop.