6 Part 2 of 2 10 points 8 01:25:29 Required information [The following information applies to the questions displayed below.) Emily's Greenhouse Corporation is a local greenhouse organized 10 years ago as a corporation. The book prepared the following statement at year-end (assume that all amounts are correct, but note the incorrect EMILY'S GREENHOUSE CORPORATION Profit and Loss December 31 Debit Credit Net Sales $503,600 Cost of Goods Sold $317,000 Salaries and Wages Expense 65,000 Office Expenses 14,500 Travel Expenses 3,500 Income Tax Expense 31,080 Net Profit 72,520 Totals $503,600 $503,600 Skipped eBook Print References 2. Compute the gross profit percentage, (Round your answer to 1 decimal place.) Gross Profit Percentage %