Wiliam Che has just taken over a business started by his aunt in Sarnia, Ontario, and moved the company to Regina, Saskatchewan. The company is called Che's Imported Technology (CIT for short) and has all new customers in the Regina region. CIT specializes in the sale of three types of advanced electronic devices cell phones (CP), tablet computers (TC), and smart watches (SW) The bookkeeper for CIT recorded the following closing entries to GL account balances at the end of the month for Mav ?07? a. Calculate Net sales. (Round to the nearest cent) The net sales are s b. Calculate gross profit (Round to the nearest cant) The gross profit is $ GL account balances Requirements Calculate the following: a. Net sales b. Gross profit