Using the following transactions, what is the company's gross margin percentage? 1) The company paid cash to purchase $25,000 of inventory. 2) The company sold $5,000 of this inventory for $9,000. 3) The customer was unhappy and was given a $500 allowance against the purchase price 4) Operating expenses incurred and paid during the year were $3,000. 33.3% 55.6% 44.4%. 66.7% 41.18%