Current Attempt in Progress Assume Metlock, Inc. has the following reported amounts: Sales revenue $1,484,100, Sales returns and allowances $43,650, Cost of goods sold $960,300, and Operating expenses $320,100. (a) Compute net sales Net sales $ (b) Compute gross profit. Gross profit $ (c) Compute income from operations, Income from operations $ View Policies Current Attempt in Progress Information related to Tamarisk, Inc. is presented below. 1 2. 3 On April 5, purchased merchandise on account from Culver Company for $38,900, terms 2/10, net/30, FOB shipping point On April 6, paid freight costs of $800 on merchandise purchased from Culver. On April 7. purchased equipment on account for $39,900 On April 8, returned damaged merchandise to Culver Company and was granted a $5,000 credit for returned merchandise. On April 15, paid the amount due to Culver Company in full. 4. 5. Prepare the journal entries to record these transactions on the books of Tamarisk, Inc. under a perpetual inventory system (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Date Cre