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6 Part 2 of 2 Points B00 Required information CP6-5 (Algo) Preparing a Multistep Income Statement and Computing the Gross Profit Percentage [LO 6- 6]

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6 Part 2 of 2 Points B00 Required information CP6-5 (Algo) Preparing a Multistep Income Statement and Computing the Gross Profit Percentage [LO 6- 6] The following information applies to the questions displayed below) Psymon Company, Incorporated, sells construction equipment. The annual fiscal perlod ends on December 31. The following adjusted trial balance was created from the general ledger accounts on December 313 Account Titles Debits Credits Cash $ 58,780 Accounts Receivable 24,400 Inventory 89,000 Property and Equipment 66,000 Accumulated Depreciation 27,700 Accounts Payable 41,200 Common Stock 122,000 Retained Earnings, January 1 14,800 Sales Revenue 234,200 Cost of Goods Sold 136,480 Salaries and Wages Expense Office Expense 23,400 24,400 Interest Expense 3,600 Income Tax Expense 13,920 Totals $499,900 $ 439,900 Print References CP6-5 (Algo) Part 2 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) Gio Prodit Porcentag

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