The following is a listing of all of the income statement accounts for Mulberry Street Sportswear as they appear on the adjusted trial balance as of December 31.

b) Compute the gross profit percentage

$10,500 Advertising Expense 87,100 Cost of Goods Sold 4,600 Delivery Expense 700 Insurance Expense Income Tax Expense 7,280 11,600 Rent Expense Interest Expense 1,500 161,500 Sales Revenue 9,400 Sales Discounts Sales Returns and Allowances 17,900