Chander Bookstore, is a student co-op. Chander Bookstore uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $157,670). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $616). c. Sold merchandise (costing $9,360) to a customer on account with terms n/30. 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 $208) after month-end from sales made during the month. $ 286,000 1,660 20,800 10,400 1,180 740 P6-3 (Algo) Part 4 Chander Bookstore is considering a contract to sell merchandise to a Chander Bookstore organization for $15,800. This merchandise will cost Chander Bookstore $12,640. Would this contract increase (or decrease) Chander Bookstore dollars of gross profit and its gross profit percentage? TIP: The impact on gross profit dollars may differ from the impact on gross profit percentage. (Round "Gross Profit Percentage" to 1 decimal place.) Gross Profit Gross Profit Percentage by to %