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[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: a. Sold merchandise for cash (cost of merchandise $12,797). b. Received merchandise returned by customers as unsatisfactory (but in perfect $19,200 200 condition), for cash refund (original cost of merchandise $120) c. Sold merchandise (costing $2,850) to a customer, on account with terms 2/10, n/30. d. Collected half of the balance owed by the customer in (c) within the discount period. e. Granted a partial allowance relating to credit sales that the customer in (c) had not yet 6,000 2,940 96 paid 8. value: 7.00 points Required 1. Compute Sales Revenue, Net Sales, and Gross Profit for Hair World Sales Revenue Net Sales Gross Profit