2 Assume the average cost of computer equipment fell 216 percent between 2016 and 2017 Let's see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December 31, 2017 S points Sales Revenues Cost of Goods Sold 2017 $90,000 60,200 2016 $122,233 73,340 Spe Gross Profit 37,800 Selling, General, and Administrative Expenses Interest Expense 35,000 525 40,193 35,000 410 eBook Income Before Income Tax Experise Print Income Tax Expense 2,275 1,500 13,483 References Net Income $ 775 58,695 Mc Required: 1-a. Compute the gross profit percentage for each year. (Round your answers to 1 decimal place.) 2017 Gross profit 2016 Check my work