December 3 - Vogel Corporation sold inventory on account to Hatcher Corp. for $496,000, terms 1/10,n/30. This inventory originally cost Vogel $310,000 December 8 - Hatcher Corp. returned inventory to Vogel Corporation for a credit of $4,000. Vogel returned this inventory to inventory at its original cost of $2,500. December 12 - Hatcher Corp. pald Vogel Corporation for the amount owed Required: a. Prepare the journal entries to record these transactions on the books of Vogel Corporation b. What is the amount of net sales to be reported on Vogel Corporation's income statement? c. What is the Vogel Corporations gross profit porcentage? Complete this question by entering your answers in the tabs below. Required nud e iredo Journal entry worksheet 2 3 4 5 Record the entry for sale of inventory on account. Note: Enter debits before credits. Date General Journal Debit Credit Dec 03 Journal entry worksheet 2 3 4 5 Record the entry for cost of inventory sold on account from inventories. Note: Enter debits before credits. General Journal Debit Credit Date Dec 03 Journal entry worksheet 12 Record the entry for return of inventory sold on account. Note: Enter debits before credits. Date General Journal Debit Credit Dec 08 Journal entry worksheet