CarsonWentz Company (CWC) uses a perpetual inventory system. CWC entered into the following inventory transactions during February.

February 5 CWC sold inventory on account to SamBradford Corp. for $493,000, terms n/30. This inventory originally cost CWC $307,000. February 10 SamBradford Corp. returned inventory to CWC for a credit of $3,100. CWC returned this inventory back on its shelves and into its inventory at its original cost of $1,930. February 19 SamBradford Corp. paid CWC for the amount owed.

a. Prepare the journal entries to record these transactions on the books of CWC.

b. Based on these transactions, what is the amount of net sales to be reported on CWC's income statement?

c. Based on these transactions, what is CWC's gross profit percentage? (Round your answer to the nearest whole percent (i.e., 0.1234 should be entered as 12)