O Required information (The following information applies to the questions displayed below.) The following data were provided by Mystery Incorporated for the year ended December 31: Cost of Goods Sold Income Tax Expense Merchandise Sales (gross revenue) for Cash Merchandise Sales (gross revenue) on Credit Office Expense Sales Returns and Allowances Salaries and Wages Expense $ 166,000 18,060 242 , 42,400 19,100 7,110 40,600 3. Did the gross profit percentage in the current year improve, or decline, relative to the 39% gross p- Improve Decline