Required: 1. For each of the events (a) through (j), indicate the amount and direction of the effect (+ for increase, - for decrease). (Enter any decreases to account balances with a minus sign.) Event Inventory Net Sales Cost of Goods Sold Gross Profit . b. . . f. g. h. 2. Determine the percentage of net sales that is available to cover operating expenses other than cost of goods sold. (Round your answer to 1 decimal place.) Gross Profit Percentage