Return to O Required information [The following information applies to the questions displayed below) Hair World Inc is a wholesaler of hair supplies Hair World uses a perpetual inventory system The following transactions (summarized) have been selected for analysis $43,200 o. Sold merchandise for cash (cost of merchandise 524,797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $300 ). c. Sold merchandise (costing 54,275 ) to a customer on account with teras n/60. d. Collected half of the balance owed by the customer in (c). . Granted a partial allowance relating to credit sales the customer in (s) had not yet paid. 500 9,000 4,500 144 Required: 1. Compute Net Sales and Gross Profit for Hair World Answer is complete but not entirely correct