The folowing infermatis [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. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $28,797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) $51,200 600 for cash refund (original cost of merchandise $360). c. Sold merchandlse (costing $4,750) 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 (c) had not yet 10,000 4,900 160 pald value 166 points Required 1. Compute Sales Revenue, Net Sales, and Gross Profit for Hair World. Sales Revenue Net Sales Gross Profit