Required information PB6-3 (Algo) Recording Sales 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.] Rogers Supply (RS) is a local hardware store. RS uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merehandise $244,350 ). b. Received merchandise returned by customers as unuatisfactory (but in perfect condition) for ash refund (original cost of merehandise $1,625 ). c. Sold merchandise (costing $3,600) to a customer on account with terms n/30. d. Collected half of the balance owed by the custoner in (c). e. Granted a partial allowance relating to credit sales the custoner in (c) had not yet paid. 1,200 f. Anticipate further returns of merchandise (costing $1,550 ) after year-end from sales made during 2,400 the year. PB6-3 (Algo) Part 1 Required: 1. Compute Net Sales and Gross Profit for RS