Compute Sales Revenue, Net Sales and Gross Profit based off of the following information:

Larrys Building Supplies (LBS) is a local hardware store. LBS uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis:

a.	Sold merchandise for cash (cost of merchandise $289,350).	$	620,000
b.	Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $3,500).		5,400
c.	Sold merchandise (costing $6,840) to a customer on account with terms 2/10, n/30.		11,400
d.	Collected half of the balance owed by the customer in (c) within the discount period.		5,586
e.	Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid.		1,750