Required Information CP6-5 Preparing a Multistep Income Statement and Computing the Gross Profit Percentage [LO 6-6) [The following information applies to the questions displayed below) Psymon Company, Inc., sells construction equipment. The annual fiscal period ends on December 31. The following adjusted trial balance was created from the general ledger accounts on December 31: Credits Debits $ 56,720 23,600 86,000 64,000 Account Titles Cash Accounts Receivable Inventory Property and Equipment Accumulated Depreciation Accounts Payable Common stock Retained Earnings, January 1 Sales Revenue Cost of Goods Sold Salaries and Wages Expense Office Expenses Interest Expense Income Tax Expense Totals $ 26, see 39.se 118, 14, 4ee 225, 80e 131,600 22,600 21.600 3,400 13, $624 CP6-5 Part 2 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) Gross Profit Percentage 1 %