Requirement 2. Conto the gross profil percentage for June for Mighty Thre, Inc. Start by determining the formule, then complete the calculation to determine gross profiterontage for the month (Enter your awwer as a portant rounded to that the Gross proft percentage % Requirement 3. What does Mighty Tire, Inc.'s gross profit percentage mean? Enter the amount to ona decimal place XX) Mighty Tre, Inc.'s gross margin percentage means that each dollar of generates that is used to cover and to generate con of Mighty Tire, Inc. Trial Balance June 30, 2018 Debit Credit Account $ 22,000 28,900 24,700 2,800 2,400 73,000 $ Cash Accounts receivable Inventory Estimated inventory returns Supplies Equipment Accumulated depreciation, equipment Accounts payable Estimated refunds liability Uneamed sales revenue Note payable, long-term Common stock Retained earnings Dividends Sales revenue Cost of goods sold Selling expense General expense 8,000 7,200 2,100 1,300 15,000 10,000 68,350 34,000 275,000 X.X% antag 148,500 25,800 24,500 350 cont Interest expense unt to $ 386,950 S 386,950 Total Print Done Requirement 1. Prepare the multe income statement for June for Mighty Tine, Inc Mighty Tre, Inc. Income Statement For the Month Ended June 30, 2018 Sales revenue 275000 Estimated Inventory rouma (2800) Sales revenue Cort of goods sold Cost of goods sold Not income oss) Requirement 2. Calculate the gross profil percentage for Luns for Mighty Tire, Inc Start by determining the form the complete the calculation to determine gross profit percentage for the month (Enter your answer a percent rounded to the meant that peront Xx) Gross prot percentage Requirements. What does Mighty Tire, Incross profil percentage mean? (ar the amount o ne decimal place, XX) goberto conto Mighty Thune gross margin percentage means that each door of that cover and to generate