12. Refer to the Camilia Communications' data in problems #10 and #11. Requirement: R1. Calculate the gross profit percentage and rate of inventory turnover for 2018. One year earlier, at July 31, 2018, Camilia Communications' inventory balance was $325. yeal endeu Jury 31, 2018. 11. Review the data in problem #10. Requirement: R1. Prepare Camilia Communications' classified balance sheet at July 31, 2018. Use the report format. 10.Camilia Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2018: Cash Selling Expenses Accounts Payable Camilia, Capital Notes Payable, long-term Merchandise Inventory Administrative Expenses $2,900 Cost of Goods Sold 1,400 Equipment, net 4,300 Accrued Liabilities 4,365 Net Sales Revenue 500 Accounts Receivable 1,100 Interest Expense 3,300 $ 18,700 9,500 1,800 29,200 3,200 65