Book Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $2,100, Cost of Goods Sold, $30,400, Income Tax Expense, $2,800; Interest Expense, $3,300; Interest Revenue, $370, General Expenses, $2.300; Net Sales, $47,500, and Delivery (freight-out) Expense, $470 Required: 1. Calculate the gross profit percentage Numerator Denominator Gross Profit Percentage 2. How has Sellall performed, relative to the 24.5 percent gross profit percentage reported for Walmart in 2019? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) 2 Sellall Department Stores earned a higher gross profit percentage than Walmart Walmart earned a higher gross profit percentage than Sellell Department Stores Sellall includes more mark-up in the prices it charges customers then Walmart Walmart Includes more mark-up in prices it charges customers than Sellall Walmart is more successful than Sellall. Sellall is more successful than Walmart