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Applsoft, Inc. Income Statement For the year ended December 31 Sales Revenue $71,000 Cost of Goods Sold $51,000 $3,000 Selling Expenses $3,000 Depreciation and Amortization

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Applsoft, Inc. Income Statement For the year ended December 31 Sales Revenue $71,000 Cost of Goods Sold $51,000 $3,000 Selling Expenses $3,000 Depreciation and Amortization Expense Calculate Applesoft's Gross Profit Margin for the year ended December 31. Round to the nearest WHOLE PERCENT and do not include the sign in your answer 39

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