Paid Hi-Stick Co. in full. Received credit from Twin city sportswear for merchandise returned $45. Made sales on account for $1, 330, n/30. Paid Twin City Sportswear in full. Granted credit to customers for clothing that did not fit properly $ 150. Received payments on account for $1, 900. Journalize the transactions using a periodic inventory system. Presented below is information for Zhou Co. for the month of March 2017. Prepare an income statement using the format presented on page 245. Assume a 25% tax rate. Calculate the profit margin and the gross profit rate. Parker Department Store is located near the Mark Twain Shopping Mall. At the end of the company's fiscal year on December 31, 2017, the following accounts appeared in its adjusted trial balance