Psymon Company, Inc., 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: Credits Debits $ 47,250 20,000 72,500 55,000 Account Titles Cash Accounts Receivable Inventory Property and Equipment Accumulated Depreciation Accounts Payable Common Stock Retained Earnings, January 1 Sales Revenue Coat of Goods Sold Salaries and Wages Expense office Expenses Interest Expense Income Tax Expense Totals $ 23,100 33,500 100,000 12,600 188,000 110,000 19,000 20.000 2,500 10,950 $357,200 $357,200 CP6-5 Part 2 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) Gross Profit Percentage