Your store buys ice cream at a cost of $5.75 a half gallon and sells it for $12.50 a half gallon. Selling, general, and administrative expenses are $2.45 per half gallon. Which of the following statement is correct? a. The different between the selling price and the cost is recorded in the gross profit account. b. Your gross profit per half gallon is $6.75. c. The different between the selling price and the cost is recorded in the Net Profit account. d, Your gross profit per half gallon is $4.30.