CP6-3 Recording Cash Sales, Credit Sales, Sales Discounts, Sales Returns, and Sales Allowances and Analyzing Gross Profit Percentage [LO 6-4, LO 6-5 The following information applies to the questions displayed below) Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis Sold merchandise for cash (cost of merchandise $147,470). $264500 Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $730) Sold merchandise (costing $6750) to a customer on account with terms 2/10, n/30. Collected half of the balance owed by the customer in (c) within the discount period Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid 7350 3Recording Cash Sales, Cedit SaleSales Discounts Alowances and Analyeing Gross Proft percentage R6- 125 points CP6-3 Part 1 Required , Compute Sales Revenue, Net Sales, and Gross Profit for Campus Stop. Sales Revene Net Sales 2