Use the data from S4-11 to calculate the gross profit percentage and the net income percentage for 2018 for The Skate Shed, Inc.

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Cost of Goods Sold . Equipment, Net Accrued Liabilities. Sales Revenue... Accounts Receivable. Prepaid Rent . Estimated Inventory Returns.. Interest Expense Cash . Total Operating Expenses.. Accounts Payable.. Total Stockholders' Equity Estimated Refund Liability . Long-Term Notes Payable Inventory.. Salaries Payable. $2,750 6,475 4,250 6,025 550 . 23,000 4,375 $21,000 25,700 2,475 41,500 3,100 ...... 1,200 325 375 1,150