Castillo Styling is a wholesaler of hair supplies. Castillo Styling uses a perpetual inventory system. The following transactions (summarized) have been selected for analys/s: a. Sold merchandise for cash (cost of merchandise $32,757 ). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $33 ). c.Soldmerchandise(costing$7,885)toacustomeronaccountwithtermsn/60.d.Collectedhalfofthebalanceowedbythecustomerin(c)16,600B,390 d. Collected half of the balance owed by the customer in (c). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. f. Anticipate further returns of merchandise (costing \$250) after year-end from sales made during the year. $58,248 B, 398 182 378 PA6-3 (Algo) Part 1 Required: 1. Compute Net Sales and Gross Profit for Castillo Styling