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. T transactions (summartzed) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $48,797) b. Recelved merchandise returned by customers as unsatisfactory (but in perfect $91,200 1,100 condition), for cash refund (original cost of merchandise $660) c. Sold merchandise (costing $9,500) to a customer, on account with terms 2/10, n/30 d. Collected half of the balance owed by the customer in () within the discount period. e. Granted a partial allowance relating to credit sales that the customer in (G) had not yet 20,000 9,800 320 pald value 1.50 points Required: 1. Compute Sales Revenue, Net Sales, and Gross Proft for Hair World Sales Revenue Net Sales Gross Proft 112,000