Morales Corporation (MC) is a local hardware store. MC uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis:

a. Sold merchandise for cash (cost of merchandise $248,350).	$560,000
b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $1,750).	2,800
c. Sold merchandise (costing $3,720) to a customer on account with terms n/30.	6,200
d. Collected half of the balance owed by the customer in (c).	3,100
e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid.	1,250
f. Anticipate further returns of merchandise (costing $1,680) after year-end from sales made during the year.	2,600

what is the Compute Net Sales and Gross Profit for MC.