Oriole Wholesalers uses a perpetual inventory system. Mar. Stellar Stores purchases $8,700 of merchandise fctresale from Oriole Wholesalers, terms 2/10,n/30, FOB-shipping 1 point. 2 The correct company pays $140 for the shipping charges. 3 Stellar returns $1,100 of the merchandise purchased on March 1 because it was the wrong colour. Oriole gives Stellar a $1,100 credit on its account. 21 Stellar Stores purchases an additional $12,000 of merchandise for resale from Oriole Wholesalers, terms 2/10,n/30, FOB destination. 22 The correct company pays $155 for freight charges. 23 Stellar returns $400 of the merchandise purchased on March 21 because it was damaged. Oriole gives Stellar a $400 credit on its account. 30 Stellar paid Oriole the amount owing for the merchandise purchased on March 1. 31 Stellar paid Oriole the amount owing for the merchandise purchased on March 21. Additional information: Mar. 1 3 21 23 Oriole's cost of the merchandise sold to Stellar was $4,000. Oriole's cost of the merchandise returned by Stellar was $506. As the merchandise was not damaged, it was returned to Oriole's inventory. Oriole's cost of the additional merchandise sold to Stellar Stores was $5,517. Oriole's cost of the merchandise returned by Stellar was $184. As the merchandise was damaged, it was put in the recycling bin. Prepare Oriole Wholesalers' journal entries to record the sales transactions with Stellar. Remember to record the freight and cash receipt transactions as appropriate. (Credit account titles are outomaticolly indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) (To record credit for goods returned.) (To record cost of goods returned.) (To record sales on account.) (To record cost of goods sold.) Calculate Oriole's net sales, cost of goods sold, and gross profit for these sales. Net sales Cost of goods sold Gross profit