of 2 Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The bookkeep the following statement at year-end (assume that all amounts are correct, but note the incorrect format): BIG TOMMY CORPORATION Profit and Loss December 31 Credit 313,400 Book Net Sales Cost of Goods Sold Salaries and Wages Expense Office Expenses Travel Expenses Income Tax Expense Net Profit Totals Debit S S231,000 46,000 7,000 1,000 8,520 19,880 $313.400 erences $313,400 PA6-5 Part 2 2. Compute the gross profit percentage (Round your answer to 1 decimal place.) Gross Profit Percentage