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 $483,000, terms 3/10, n/30. This inventory originally cost Vogel $312,000. December 8-Hatcher Corp. returned inventory to Vogel Corporation for a credit of $3,800. Vogel returned this inventory to inventory at its original cost of $2,455. 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.) View transaction list Journal entry worksheet 1 2 3 4 5 Record the entry for sale of inventory on account. 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.) View transaction list 1 Record the entry for sale of inventory on account. 2 Record the entry for cost of inventory sold on account from inventories. 3 Record the entry for return of inventory sold on account. 4 Record the entry for reversal of cost of inventory sold on account. 5. Record the entry for receipt of accounts receivable and related sales discount for terms 3/10, n/30. Credit Note: = journal entry has been entered Record entry Clear entry View general journal 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 amount of net sales to be reported on Vogel Corporation's income statement? Net Sales < Required A Required C > 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 What is the Vogel Corporation's gross profit percentage? (Round your answer to the nearest whole percent (i.e., 0.1234 should be entered as 12).) Gross profit percentage %