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10 2.50 points value: Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected from 2013: $83,200 a. Sold merchandise for cash (cost of merchandise $44,797) b. Received merchandise returned by customers as unsatisfactory (but in perfect condition), for cash refund (original cost of merchandise $600). c. Sold merchandise (costing $8,550) 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 an allowance to the customer in (c). 13,00 8,820 288 Required 1. Compute Sales Revenue, Net Sales, and Gross Profit for Hair World. Sales Revenue Net Sales Gross Profit 101,200 99,430 52,947