The following summarized data were provided by the records of Mystery Incorporated for the year ended December 31: Administrative Expense Cost of Goods Sold Income Tax Expense Sales Returns and Allowances Selling Expense Sales of merchandise for cash Sales of merchandise on credit $ 19,000 165,000 17,600 7,000 40,200 240,000 42,000 3. Did the gross profit percentage in the current year improve, or decline, relative to the 38.0 percent gross profit percentage in the prior year? There is in the gross profit percentage when compared to 38.0% in the previous year