Your store buys ice cream at a cost of $3.00 a half gallon and sells it for $7.00 a half gallon. Selling, general, and administrative expenses are $1.35 per half gallon. Which of the following statements is correct? Your gross profit per half gallon is $4.00. The difference between the selling price and the cost is recorded in the Net Profit account. Your gross profit per half gallon is $2.65. The difference between the selling price and the cost is recorded in the gross profit account