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Assume Dollar Lieutenant Store estimates its inventory by the gross margin method when preparing monthly fina Requirement 1. Estimate the June 30, 2023, inventory using the gross margin method. Requirement 2. Prepare the June income statement through gross margin for Dollar Lieutenant Store. Assume Dollar Lieutenant Store estimates its inventory by the gross margin method when preparir Requirement 2. Prepare the June income statement through aross marain for Dollar Lieutenant Assurne Dollar Leutenant Store estimates its inventory by the gross margin methed when preparing monthly financial statements (it uses the poriodic mothod othenvise). For the past two yoars, the cost of goods purchased has avoragod 62 porcont of net salos. Assume further that the cornpary/s inventory fecords for its stores reveal the following data Requirement 1. Estimate the June 30, 2023, inventory using the gross margin method