rane Wholesalers uses a perpetual inventory system.

$2$ The correct company pays $$170$ for the shipping charges.

$3$ Stellar returns $$1,000$ of the merchandise purchased on March $1$ because it was the wrong colour. Crane gives Stellar a $$1,000$ credit on its account.

$21$ Stellar Stores purchases an additional $$12,500$ of merchandise for resale from Crane Wholesalers, terms $\frac{2}{10},\frac{n}{30},$FOB destination.

$22$ The correct company pays $$170$ for freight charges.

$23$ Stellar returns $$450$ of the merchandise purchased on March $21$ because it was damaged. Crane gives Stellar a $$450$ credit on its account.

$30$ Stellar paid Crane the amount owing for the merchandise purchased on March $1.$

$31$ Stellar paid Crane the amount owing for the merchandise purchased on March $21.$

Additional information:

Mar. Crane's cost of the merchandise sold to Stellar was $$3,900.$

$1$

$3$ Crane's cost of the merchandise returned by Stellar was $$424.$ As the merchandise was not damaged, it was returned to Crane's inventory.

$21$ Crane's cost of the additional merchandise sold to Stellar Stores was $$5,299.$

$23$ Crane's cost of the merchandise returned by Stellar was $$191.$ As the merchandise was damaged, it was put in the recycling bin.

Prepare Crane 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 automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$

Calculate Crane's net sales, cost of goods sold, and gross profit for these sales.

Net sales

Cost of goods sold

Gross profit