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 $162,270).	$	297,000
b.	Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $950).		1,750
c.	Sold merchandise (costing $13,500) to a customer on account with terms n/30.		30,000
d.	Collected half of the balance owed by the customer in (c).		15,000
e.	Granted a partial allowance relating to credit sales the customer in (c) had not yet paid.		2,000

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