Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: $270,600 a. Sold merchandise for cash (cont of merchandise $150,030). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $770). c. Sold merchandise (conting $8,100) to a customer on account with torna n/30. d. Collected half of the balance owed by the customer in (e). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 1,720 18,000 9,000 1,760 CP6-3 Part 1 Required: 1. Compute Net Sales and Gross Profit for Campus Stop. Net Sales Gross Profit