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Required information [The following information applies to the questions displayed below] Ramos Hair Styling is a wholesaler of hair supplies. Ramos Hair Styling uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $30,957 ). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (oriqinal cost of merchandine $280 ). c. Sold merchandise (costing $6,460 ) to a customer on account with terms n/60. d. Collected half of the balance oved by the custoner in (c). 6,800 e. Granted a partial allowance relating to credit sales the cuitoner in (c) had not yet : 172 5. Anticipate further returns of merchandine (costing $200 ) aftor year-end fron males made during the year. Required: 1. Compute Net Sales and Gross Profit for Ramos Hair Styling