COUGAR MOUNTAIN SPORTS Adjusted Trial Balance June 30,2024 8 Account Title 9 Cash 10 Accounts Receivable 11 Merchandise inventory 12 Office Supplies 13 Prepaid Rent 14 Bullding 15 Accumulated Depreciation, Bullding 16 Equipment 17 Accumulated Depreciation, Equipment 18 Accounts Payable 19 Salaries Payable 20 Interest Payable 21 Refunds Payable 22 Notes Payable 23 Common Stock 24 Retained Earnings 25 Dividends 26 Sales Revenue 27 Cost of Goods Sold 28 Salaries Expense 29 Rent Expense 30 Utilities Expense 31 Depreciation Expense - Bullding 32 Depreciation Expense - Equipment 33 Advertising Expense 34 Interest Expense 35 Delivery Expense 36 Supplies Expense 37 income Tax Expense 38 \begin{tabular}{|r|r|} \hline \multicolumn{2}{|c|}{ 8alance } \\ \hline Debit & \multicolumn{1}{|c|}{ Credit } \\ \hline 152,000 & \\ \hline 11,250 & \\ \hline 3,432 & \\ \hline 1,160 & \\ \hline 4,000 & \\ \hline 45,000 & \\ \hline & 2,800 \\ \hline 6,500 & \\ \hline & 2,400 \\ \hline & 14,250 \\ \hline & 1,700 \\ \hline & 2,610 \\ \hline & 1,300 \\ \hline 3,200 & 43,500 \\ \hline 26,390 & \\ \hline 14,300 & \\ \hline 24,000 & \\ \hline 5,500 & \\ \hline 1,400 & \\ \hline 1,200 & \\ \hline 2,225 & \\ \hline 2,610 & \\ \hline 450 & \\ \hline 940 & \\ \hline 317,460 & 317,460 \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} -Note 1 -Note 2 *Note 3 "Note 4 -Note 5 39 40 Notes 41 m-30\% of the salaries is for the Administrative Offices. 42 12. 20% of the rent is for the Administrative Offices. 43 113. 40% of the utilities is for the Administrative Offices. 44 114. The Building houses the Administrative Offices: 45 \#5 - The Equipment is categorized as selling: 46.46 - S0\% of the supplies is for the Administrative Offices. COUGAR MOUNTAIN SPORTS Income Statement Year Ended hune 30, 2024 11 Opeating Expenses: 12 Selling Expenses: 13 14 15 16 17 18 19 20 Total Selling Expenses 21 Administrative Expenses: 22 23 24 25 26 27 Total Administrative Expense 28 Total Operating Expenses 29 Operating Income 30 Other Income and (Expenses) 31. 32 Total Other Income and (Expenses) 33 income Before income Tax Expense 34. 35 36 37 38 GROSS PROFIT MARGIN PEACENTAGE- 39 Compute the gross profit marin percentage. format percentages to two decimal ploces (eg. 22.74\%). (Alwars use cell pelerences and formulas where appropriate to receive full credit if you copy/paste from the Adjusted Trial balance tabs, or if you type numben in, you will be manked wrone Use cell references from prior 40 calculations only.) \begin{tabular}{|l|l|} \hline 41 & \\ 42 & \\ 43 & Gross Profit Marg in Percentage \end{tabular} 44 4546 47 Cell LHint: 4968 | Begin the formula with an equals sign ( + ). click on the balance in the adjusted trial balance wortsheet, and press the enter kiky. 50 031 / use parenthes or a minus sign for amounts to besubtracted. 51C10,020,027,028,029,B2,B3,BS,B43 / Use cell references from prior calculations only