2. 10.00 points M6-15 Computing and Interpreting the Gross Profit Percentage [LO 6-5] Sole Occhiali Group, an Italian company that sells sunglasses, reported Net Sales of $196,000 and Cost of Goods Sold of $67,200. Candy Electronics Corp. reported Net Sales of $54,000 and Cost of Goods Sold of $40,600. a. Calculate the Gross Profit Percentage for both companies. (Round your answers to 1 decimal place.) Gross Profit Sole Occhiali Group Candy Electronics Corp. b. Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold? Sole Occhiali Group Candy Electronics Corp. Questions 3 -5 (of 15)> E6-21 Analyzing Gross Profit Percentage on the Basis of a Multistep Income Statement [LO 6-5] The following information applies to the questions displayed below The following summarized data were provided by the records of Mystery Incorporated for the year ended December 31: Office Expense Cost of Goods Sold Income Tax Expense Sales Returns and Allowances Salaries and Wages Expense Sales of Merchandise on Cash Sales of Merchandise for Credit $ 19,300 168,000 18,650 7.230 41,400 246,000 43,200 References Section Break E6-21 Analyzing Gross Profit Percentage on the Basis of a Multistep Income Statement [LO 6-5] value: 10.00 points E6-21 Part 1 Required 1. Prepare a multistep income statement. MYSTERY INCORPORATED 3. 10.00 points Required: 1. Prepare a multistep income statement. MYSTERY INCORPORATED Income Statement 4. value: 10.00 points E6-21 Part 2 2-a. What was the amount of gross profit? Gross Profit 2-b. What was the gross profit percentage? (Round your answer to 1 decimal place.) Gross Profit Percentage