Two diferent companies, Vogel Corporation and Hatcher Corporation, entered into the following inventory transactions during December, Both componies use o perpetual inventory system using the gross method of recording sales discounts. - Decenber 3 - Vogel Corporation sold inventory on account to Hatcher Corporation for $493,000, terms 110, n/30. This inventary originaly cost Voges $300,000 - December 8 - Hatcher Corpocation returned inventory to Voget Corporation fot a credit of $4,000. Vogel returned this inventory to inventory ot its ofiginal cost of $2,434. - December 12 - Hatcher Corporation pald Vogel Corporation for the amount owed. Required: a. Prepare the joumal enties to record these transoctions on the books of Vogel Corporation. b. What is the amount of net sales to be reported on Vogel Corporation's income statement? c. Whet is the Vogel Corporation's gross proft percentege? Complete this question by entering your answers in the tabs below. Prepare the journal entries to record these transactions on the books of Vogel Corporation. (tt no entry is required for a transactionevent, select "No joumal testry fleaulied' in the first occount filid.)