Required information [The following information applies to the questions displayed below Campus Stop, Inc, is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions summarized) have been selected for analysis: . Sold nerehandise for cash (cost of merchandise $152,070) b. Received nerehandise returned by customers as unsatisfactory (but in perteet condition) $275,000 for cash refund (original eost of nerchandise $800 o. Sold merchandise (costing $9,000) to a eastoner on aceount with terma n/30 1, 600 20.000 10,000 d. Collected haif of the balance oved by the eustomer in (e). eGranted a partial allovance relating to credit sales the eustoner in (e) had not yet paid. 1,800 Required: 1. Compute Net Sales and Gross Proft for Campus Stop. Net Sales Gross Prof C Prev 7 89 10 of 14 Next > MacBook Air FS F7 F9