Delta Electric uses the periodic inventory system. Delta reported the following selected amounts at May 31, 2015: Compute the following for Delta: a. Net sales

Delta Electric uses the periodic inventory system. Delta reported the following ­selected amounts at May 31, 2015:

Compute the following for Delta:
a. Net sales revenue.
b. Cost of goods sold.
c. Grossprofit.

Merchandise Inventory June 1, 2014 Merchandise Inventory, May 31, 2015 Purchases Purchase Discounts Purchase Returns and Allowances 4,000 174,000 6,000 3,000 Sales Returns and Allowances 7,000 30,000 17,000 16,000 Freight In 23,000 Sales Revenue 84,000 Sales Discounts 9,000 Common Stock Retained Earmnings