Clean King, Inc. Trial Balance June 30, 2018 Account Cash Accounts receivable Inventory Estimated inventory returns Supplies Equipment Debit Credit $ 19,600 29.400 22,500 3,000 2,100 74,000 Accumulated depreciation, equipment Accounts payable Estimated refunds liability $ 9.600 5,100 1,600 Unearned sales revenue Note payable, long-term Common stock Retained earnings 2,800 28,000 38,000 36,700 Dividends 56,000 Sales revenue 275,000 Cost of goods sold 121,000 Selling expense 43,500 General expense 25,600 100 Interest expense EA $ 396,800 $ 396.800 Total Net income (loss) Income Statement For the Month Ended June 30, 2018 The adjusted trial balance for Clean King, Inc., as of June 30, 2018, is presented next (Click the icon to view the adjusted trial balance) Read the requirements Net income (loss) Requirement 2. Calculate the gross profit percentage for June for Clean King. Inc Start by determining the formula, then complete the calculation to determine gross profit percentage for the month (Enter your answer as a percent rounded to the neat teeth of a pest, XX%) Gross proft percentage Requirement 3. What does Clean King, Inc.'s gross profit percentage mean? (Enter the amount to one decimal place, XX). Clean King, Inc's gross margin percentage means that each dollar of generates cents of that is used to cover and to generate Choose from any list or enter any number in the input fields and then continue to the next