CHe 4 Line roiowing inrormauon appies to tne questions aispiayea peiow. Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: Part 1 of 4 $15,200 a. Sold merchandise for cash (cost of merchandise $18e, 797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $9e). c. Sold merchandise (costing $2,613 ) to a customer on account with terms n/60 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. 158 5.see 9.09 2,750 points 88 eBook Print Required: 1. Compute Net Sales and Gross Profit for Hair World. Net Sales Gross Profit Check my work Required information [The following information applies to the questions displayed below Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis Part 2 of 4 a. Sold tmerchandise for cash (cost of merchandise $10,797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of nerchandise $9e c. Sold merchandise (costing $2,613 ) to a custoner on account with terms n/60 d. Collected half of the balance oved by the customer in (c). e. Granted a partial allowance relating to credit sales the custoner in (c) had not yet paid. 9.09 $15,200 polnts 158 5,see 2,750 elook 88 Print 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) Gross Profit Percentage LO K 1 2 3 5 7 Record the cash sales of $15,200. Note: Enter debits before credits. Transaction General Journal Credit Debit a(1)