Harry's Haberdashery is a retail clothing store for men.The store operates out of a rented building in albertsville,Virginia shown below is the store adjusted year end trial balance dated.Dec 31 2007. Herry haberdashery Adjuested Trial balance Dec 31, 2007 Cash...............................39,270$ A/c Receivable................... 4400 Merchandise Envantory..........29,700 Prepaid rent.........................3100 Office Supplies.......................1500 Office Equipment...................70,000 Accumalated depreciation:Office equipment.........20,000 A/C Payable................................................22,000 Sales Tax Payable...........................................5,000 Cpital Stock.................................................31,000 Retained Earnings..........................................36,000 Sales.........................................................384,000 Sales Returns and allowances........4,000 Cost of good sole......................157630 Purchased Discount lost...................400 Utility Expense............................7,000 Office Supply Expense......................900 Deprecision Expense:office equipment..4700 Rent Expense...............................10,000 Insurance Expense.........................1500 Salaries Expense...........................150,000 Income Tax expense......................13,900 $498,000 $498000 (a)Prepare an income statment of heery haberdashery dated dec,31 2007 (B) Compute the stores gross profit margen as a %age of net sales (c) Do the stores customer seem to be satisfies with there purchases, define your answer. (d) Explain how you can tell that the bbusiness records inventory purchases net of any purchases discouts