Gross margin %:

The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30, for Transition Inc... COS Dariation Tynense $ Depreciation Expense Insurance Expense Miscellaneous Expens Rent Expense Service Revenue Supplies Expense Utilities Expense Wages Expense 30,000 4.950 2,900 1,200 24,000 92,500 3,150 5,000 33,750 Required: Prepare a multi-step income statement. Calculated and define the gross margin %. Transition Inc. Income Statement For the Period Ended April 30