ormation [The following information applies to the questions displayed below.] Psymon Company, Incorporated, sells construction equipment. The annual fiscal period ends on December 31. The following adjusted trial balance was created from the general ledger accounts on December 31: Account Titles Cash Accounts Receivable Inventory Property and Equipment Accumulated Depreciation Accounts Payable Common Stock Retained Earnings, January 1 Sales Revenue Cost of Goods Sold Salaries and Wages Expense Office Expense Interest Expense S Debits $ 42,000 18,000 65,000 50,000 98,000 17,000 18,000 2,000 - Credits $ 21,000 30,000 90,000 11,600 167,000

[The following information applies to the questions displayed below] Psymon Company, Incorporated, selis construction equipment. The annual flscal period ends on December 31 . The following adjusted trial balance was created from the general ledger accounts on December 31 . 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) Answer is complete but not entirely correct