please answer all the questions there is 3 questions

no cursive

1. During the current year, merchandise is sold for $250,000 cash and for $975,000 on account. The cost of the merchandise sold is $735,000. What is the amount of the gross profit? 2. Rofles Company purchased merchandise on account from a supplier for $11,500, terms 2/10,n/30. Rofles Company returned $2,500 of the merchandise and received full credit. a. If Rofles Company pays the invoice within the discount period, what is the amount of cash required for the payment? b. Under a perpetual inventory system, what account is credited by Rofles Company to record the return? 3. Sievert Co. sold merchandise to Bray Co. on account, $11,500, terms 2/15,n/30. The cost of the merchandise sold is $6,900. Journalize the entries for Sievert Co. and Bray Co. for the sale, purchase, and payment of amount due. Assume that all discounts are taken