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 $249,350). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $2,500). c. Sold merchandise (costing $4,440) to a customer on account with terms 2/10, n/30. d. Collected half of the balance owed by the customer in (c) within the discount period. e. Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid. $545,000 3,900 3,626 1,250 value: 3.00 points Required 1. Compute Sales Revenue, Net Sales, and Gross Profit for LBS. Sales Revenue Net Sales Gross Profit value: 3.00 points 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) Gross Profit Percentage