Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicat Required Information The following information applies to the questions displayed below.) Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual Inventory system. The following transactions (summarized) have been selected for analysis: $275,000 a. Bold merchandise for cash (cont of merchandise $152,070). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cont of merchandise $800). 6. Hold merchandise (conting 69,000) to a customer on account with terms n/30. d. Collected half of the balance owed by the customer in (e). . Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 1,600 20,000 10,000 1,800 4. Campus Stop is considering a contract to sell merchandise to a campus organization for $15,000. This merchandise will cost Campus Stop $12,000. Would this contract increase or decrease) Campus Stop's dollars of gross profit and its gross profit percentage? TIP: The impact on gross profit dollars may differ from the impact on gross profit percentage. (Round "Gross Profit Percentage" to 1 decimal place.) Answer is complete but not entirely correct. by Cross Pro Grone Pro Percentage increased decreased 305.600 to 43.8 % Seved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate Required information a(1) 275,000 Cash Sales Revenue 275,000 152,070 Cost of Goods Sold Inventory 152,070 Discount on Bonds Payable Cash 1,600 1,600 800 Inventory Cost of Goods Sold 800 Accounts Receivable Sales Revenue 20,000 20,000 Cost of Goods Sold Inventory 9,000 9,000 Cash Accounts Receivable 4,500 4,500 Discount on Bonds Payable Accounts Receivable 1,800 1,800