Required information PA6-3 (Algo) Recording Sales with Discounts and Estimated and Actual Returns, and Analyzing Gross Profit Percentage [LO 6-4, LO 6-5) (The following information applies to the questions displayed below.) Kelly Creations is a wholesaler of hair supplies. Kelly Creations uses a perpetual Inventory system. The following transactions (summarized) have been selected for analysis: $ 53, 760 290 12,400 6,200 a. Sold merchandise for cash (cost of merchandise $30,237). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $260). c. Sold merchandise (costing $5,890) to a customer on account with term n/60. d. Collected half of the balance owed by the customer in (c). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. f. Anticipate further returns of merchandise (costing $180) after year-end from sales made during the year. 168 300 PA6-3 (Algo) Part 2 2. Compute the gross profit percentage (Round your answer to 1 decimal place.) Gross Profit Porcentago %