Required information [The following information applies to the questions displayed below.) Larry's Building Supplies (LBS) is a local hardware store. LBS uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash-(cost of merchandise $281,350). $605,000 b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $3,300). 5,188 c. Sold merchandise (costing $6,360) to a customer on account with terms n/30. 10,600 d. Collected half of the balance owed by the customer in (c). 5,300 e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 1,650 4. LBS is considering a contract to sell building supplies to a local home builder for $27,000. These materials will cost LBS $20,200. Would this contract increase (or decrease) LBS's dollars of gross profit and its gross profit percentage? (Round "Gross Profit Percentage" to 1 decimal place.) Gross Profit Gross Profit Percentage by to