Chem Required information PA6-5 (Static) Preparing a Multistep Income Statement and Computing the Gross Profit Percentage (LO 6-6) [The following information applies to the questions displayed below Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The bookkeeper prepared the following statement et year-end (assume that all amounts are correct, but note the incorrect format): BIG TORRY CORPORATION Drot it and Love December 31 Debit Credit $ 404,000 Coat of Goods Gold $ 279,000 Salaries and Wages Expense 58.000 ortice Expense 16,000 Travel Expenses 1.000 Income Tax Expense Net Profit 5,406.000 31400,000 Net Sales 15,000 Total PA6-5 (Static) Part 2 2. Compute the gross profit percentage (Round your answer to 1 decimal place.) Gross Prott Percentage