Question: ! Required information E 6 - 1 7 ( Algo ) Analyzing Gross Profit Percentage on the Basis of a Multistep Income Statement [ L

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Required information
E6-17(Algo) Analyzing Gross Profit Percentage on the Basis of a Multistep Income Statement [L
[The following information applies to the questions displayed below.]
The following data were provided by Mystery Incorporated for the year ended December 31:
Cost of Goods Sold
Income Tax Expense
Merchandise Sales (gross revenue) for Cash
Merchandise Sales (gross revenue) on Credit
Office Expense
Sales Returns and Allowances
Salaries and Wages Expense
$174,000
20,410
258,000
45,600
19,900
7,590
43,800
E6-17(Algo) Part 2
2-a. What was the dollar amount of gross profit?
2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.)
Answer is complete but not entirely correct.
\table[[2-a. Gross Profit,$,121,410x
 ! Required information E6-17(Algo) Analyzing Gross Profit Percentage on the Basis

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