[The following information applies to the questions displayed below.] Please see pic 1 below:

1. Compute Sales Revenue, Net Sales, and Gross Profit for Campus Stop (please see pic below)

2. Compute the gross profit percentage. (Round your answer to 2 decimal places.)

3. Prepare journal entries to record transactions (a)(e). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Please see pic below

Thank you very much!

Campus Stop, Inc., a student co-op. Campus Stop uses a perpetual Inventory system. The following transactions (summarized) have been selected for analysis: a Sold merchandise for cash (cost of merchandise $160,230). $292,600 b. Received merchandise returned by customers as unsatlsfactory (but In perfect condition for 1,720 cash refund (original cost of merchandise $920). 28,000 c. Sold merchandise (costing $12,600) to a customer on account with terms 2no, n/30. 13,720 d. Collected half of the balance owed by the customer In (cwithin the discount period. e. Granted a partial allowance relating to credit sales that the customer In (Chad not yet paid. 1.960