Required information [The following information applies to the questions displayed below. Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The bookkeeper prepared 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 Debit Credit $460,106e Net Sales Cost of Goods Sold Salaries and Wages Expense Office Expenses Travel Expenses Income Tax Expense Net Profit Totals $303,00e 64,e00 2e,500 1,000 21,480 50,12e $46e,100 $460,100 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) Gross Profit Percentage