The following is an income statement for Georgia Textiles.

Georgia Textiles
Income Statement
For the Years Ended December 31, 2015 and 2014
	2015		2014
	Amount		Amount
Revenue from sales:
Sales	$940,000		$827,000
Less returns	35,000		30,000
NET SALES	$905,000		$797,000
Cost of goods sold:
Inventory, January 1	$210,000		$197,000
Purchases	460,000		395,000
Available for sale	$670,000		$592,000
Inventory, December 31	215,000		210,000
Cost of goods sold	$455,000		$382,000
Gross Profit	$450,000		$415,000
Operating expenses:
Wages	$132,600		$120,000
Rent	84,000		80,000
Advertising	18,000		20,000
Insurance	4,500		4,200
Depreciation	3,600		3,100
Equipment rental	1,200		1,400
Administrative	7,000		5,200
Miscellaneous	3,200		2,100
Total operating expenses	$254,100		$236,000
Income before tax	$195,900		$179,000
Income tax	31,000		28,000
NET INCOME	$164,900		$151,000

Assume that the ending inventory was $225,000 in 2015.

Compute the following items. Round percents to two decimal places.

2015 Gross profit amount	$		2015 Gross profit percent	%
2015 Net income amount	$		2015 Net income percent