Two different companies, Vogel and Hatcher, entered into the following inventory transactions during December. Both companies use- a perpetual inventory system. December 3-Vogel Corporation sold inventory on account to Hatcher Corp. for $484,000, terms 2/10, n/30. This inventory originally cost Vogel $311,000.. December 8-Hatcher Corp. returned inventory to Vogel Corporation for a credit of $3,600. Vogel returned this inventory to inventory at its original cost of $2,313. December 12-Hatcher Corp. paid Vogel Corporation for the amount owed. Required: a. Prepare the journal entries to record these transactions on the books of Vogel Corporation. b. What is the amount of net sales to be reported on Vogel Corporation's income statement? c. What is the Vogel Corporation's gross profit percentage? Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the journal entries to record these transactions on the books of Vogel Corporation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Required A Required B Required C Prepare the journal entries to record these transactions on the books of Vogel Corporation. (If no entry is transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 Record the entry for sale of inventory on account. Note: Enter debits before credits. Date Dec 03 General Journal Debit Credit Required A Required B Required C Prepare the journal entries to record these transactions on the books of Vogel Corporation. (If no entry transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 2 3 4 5 Record the entry for cost of inventory sold on account from inventories. Note: Enter debits before credits. Date Dec 03 General Journal Debit Credit Required Required B Required C Prepare the journal entries to record these transactions on the books of Vogel Corporation. (If no entry is transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 Record the entry for return of inventory sold on account.. Note: Enter debits before credits. Date Dec 08 General Journal Debit Credit Required A Required B Required C Prepare the journal entries to record these transactions on the books of Vogel Corporation. (If no ent transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 5 Record the entry for reversal of cost of inventory sold on account. Note: Enter debits before credits. Date Dec 08 General Journal Debit Credit > Required A Required B Required C Prepare the journal entries to record these transactions on the books of Vogel Corporation. (If no en transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 5 Record the entry for receipt of accounts receivable and related sales discount for terms 2/10, n/30. Note: Enter debits before credits. Date Dec 12 General Journal Debit Credit a. Prepare the journal entries to record these transactions on the books of Vogel Corporation. b. What is the amount of net sales to be reported on Vogel Corporation's income statement? c. What is the Vogel Corporation's gross profit percentage? Complete this question by entering your answers in the tabs below. Required A Required B Required C What is the amount of net sales to be reported on Vogel Corporation's income statement? Net Sales Required: a. Prepare the journal entries to record these transactions on the books of Vogel Corporation. b. What is the amount of net sales to be reported on Vogel Corporation's income statement? c. What is the Vogel Corporation's gross profit percentage? Complete this question by entering your answers in the tabs below. Required A Required B Required C What is the Vogel Corporation's gross profit percentage? (Round your answer to the nearest whole percent (i.e., 0. should be entered as 12).) Gross profit percentage %