Wildhorse Wholesalers uses a perpetual inventory system. Mar. Stellar Stores purchases $8,600 of merchandise for resale from Wildhorse Wholesalers, terms 2/10,n/30, FOB shipping 1 point. 2 The correct company pays $165 for the shipping charges. 3 Stellar returns $1,100 of the merchandise purchased on March 1 because it was the wrong colour. Wildhorse gives Stellar a $1,100 credit on its account. 21 Stellar Stores purchases an additional $13,000 of merchandise for resale from Wildhorse Wholesalers, terms 2/10, n/30, FOB destination. 22 The correct company pays $165 for freight charges. 23 Stellar returns $550 of the merchandise purchased on March 21 because it was damaged. Wildhorse gives Stellar a $550 credit on its account. 30 Stellar paid Wildhorse the amount owing for the merchandise purchased on March 1. 31 Stellar paid Wildhorse the amount owing for the merchandise purchased on March 21. Additional information: 3 Wildhorse's cost of the merchandise returned by Stellar was $524. As the merchandise was not damaged, it was returned to Wildhorse's inventory. 21 Wildhorse's cost of the additional merchandise sold to Stellar Stores was $6,198. 23 Wildhorse's cost of the merchandise returned by Stellar was $262. As the merchandise was damaged, it was put in the recycling bin. entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) \begin{tabular}{|ll} \hline Date & Account Titles \\ \hline & \\ \hline \end{tabular} (To record sales on account.) (To record cost of goods sold.) (To record credit for goods returned.) (To record cost of goods returned.) (To record sales on account.) (To record cost of goods sold.) Calculate Wildhorse's net sales, cost of goods sold, and gross profit for these sales. $ Cost of goods sold $ Gross profit $