Required Information [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 Debits $ 48,280 Credits 20,400 74,000 56,000 $ 23,500 34,200 Common Stock 102,000 Retained Earnings, January 11 12,800 Sales Revenue 192,200 cost of Goods sold 112,400 Salaries and wages Expense 19,400 office Expense 20,400 Interest Expense 2,600 Income Tax Expense Totals 11,220 $364,700 $364,700 2. Compute the gross profit percentage (Round your answer to 1 decimal place.) Gross Profit Percentage % 4