The following transactions occured during 2014 for North Corp which is a perpetuo (a) January 1 Northstar Corp. starchandise was sold to cominc for $8.500 und 2/10, opon point the cost of the mechandise w 36,000. (a) January 2 Northstar Corp purchased merchandise on credit from Catonem. 5.500 FOB pont (d) January 3: Paid $200 for freight charges for the January 2 purchase of chande (a) January 6 Northstar Corp. merchandise was sold to Alarco Inc. $3.900 do 200. Forgot the cost of the merchandise was 9.120 January 7 Ar negotiations we Velor in concerning problems with the mercaded on Jany troved a memorandum og production of (a) January : sed 5000 credit memorandum o Zoomine annonces on January 11 Northstar Corp's merchandise was sold to Holder Corp. for $5.500 The 100 January 11 Roved the balance de from Zoomine for the day January 16 Received the balance due to the for the March 2: Paid Valor in the amount due from the purch 0) March 3. Paid Callao Inc. the balance du a Calolate meet for Northstar Corp dening 2014 Mesto by Calculate the cost of goods sold for Northstar Corp. during 2014 Cost of Good Sold The following transactions occured during 2014 for Northstar Corp which uses a perpetual inventory (a) January 1: Northstar Corp's merchandise was sold to Zoom Inc. for $8.500 under redons of 2/15, 130, FOB Stopping point. The cost of the merchandise wis 56,000 (b) January 1 Northstar Corp purchased merchandise on credit from Velorinc term 00.55.000, POB destination (c) January 2: Northstar Corp purchased merchandise on credit from Catonem 60 55.500, FOB pong point (d) January 3 Paid $200 for freight charges for the January 2 purchase of merchandise (o) January 6. Northstar Corp's merchandise was sold to Alarco Inc. for $3.900 under cums of 21000, FOB shoping point. The cost of the merchandise was 55,120 (1) January 7 Alter negotiations with Velor in concerning problems with the merchandise purchased on January to a credit memorandur granting a price reduction of Sono (a) January 8 Issued a $900 credit memorandum to Zoom Inc. for an allowance on goods sold on Janoary 1 Ch) January 11 Northstar Corp's marchandise was sold to Holden Corp. for $5.500 sh. The marchandise $4.400 January 11 Received the balance due from come for the sale dated January January 18. Received the balance due from Alarco Inc. for the date January (k) March 2 Paid Velor Inc, the amount due from the January 1 purchase ) March 3: Paid Callaha in the balance du a) Calculate the net sales for Northstar Corp. during 2014 Not Sales b) Calculate the cost of goods sold for Northstar Corp during 2014 Cost of Goods Sold The following transactions occured during 2014 for Northstar Corp. which uses a perpetual inventory system: (a) January 1: Northstar Corp.'s merchandise was sold to Zcom Inc. for $8,500 under credit terms of 2/10, n/30, FOB shipping point. The cost of the merchandise was $6,800. (b) January 1: Northstar Corp. purchased merchandise on credit from Velor Inc., terms 1/60, $5,600, FOB destination. (c) January 2: Northstar Corp. purchased merchandise on credit from Callaho Inc., terms n/60, $5,500, FOB shipping point (d) January 3: Paid $200 for freight charges for the January 2 purchase of merchandise. (e) January 6: Northstar Corp.'s merchandise was sold to Allarco Inc. for $3,900 under credit terms of 2/10, n/90, FOB shipping point. The cost of the merchandise was $3,120. (1) January 7: After negotiations with Velor Inc. concerning problems with the merchandise purchased on January 1, received a credit memorandum granting a price reduction of $600. (9) January 8: Issued a $900 credit memorandum to Zcom Inc. for an allowance on goods sold on January 1. (h) January 11: Northstar Corp.'s merchandise was sold to Holden Corp. for $5,500 cash. The merchandise cost $4,400. (1) January 11: Received the balance due from Zcom Inc. for the sale dated January 1. 0) January 16: Received the balance due from Allarco Inc. for the sale dated January 6. (k) March 2: Paid Velor Inc. the amount due from the January 1 purchase. (1) March 3: Paid Callaho Inc. the balance due. a) Calculate the net sales for Northstar Corp. during 2014: Net Sales: b) Calculate the cost of goods sold for Northstar Corp. during 2014: Cost of Goods Sold