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 313 Account Titles Debits Credits Cash $ 57,750 Accounts Receivable 24,280 Inventory 87,500 Property and Equipment 65,000 Accumulated Depreciation $ 27,300 Accounts Payable 48,500 Common Stock 120,eee Retained Earnings, January 1 14,600 Sales Revenue 230,000 Cost of Goods Sold 134,000 Salaries and Wages Expense 23,800 Office Expenses 24, ese Interest Expense 3,500 Income Tax Expense 13,650 Totals $432,400 $432,400 CP6-5 Part 2 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) % Gross Profit Percentage