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Required Information [The following Information applies to the questions displayed below.] The following data were provided by Mystery Incorporated for the year ended Decen $156,000

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Required Information [The following Information applies to the questions displayed below.] The following data were provided by Mystery Incorporated for the year ended Decen $156,000 15,120 222,000 Cost of Goods Sold Income Tax Expense Merchandise Sales (gross revenue) for Cash Merchandise Sales (gross revenue) on Credit Office Expenses Sales Returns and Allowances Salaries and Wages Expense 38,400 18,100 6,510 36,600 2-a. What was the amount of gross profit? 2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.)

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