[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: | $292,600 a. Sold merchandise for cash (cost of merchandise $160,230). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $920). c. Sold merchandise (costing $12,600) to a customer on account with terms n/30. d. Collected half of the balance owed by the customer in (c). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 1,720 28,000 14,000 1,960 red: mpute Net Sales and Gross Profit for Campus Stop. ales Profit