The adjusted trial balance for Mighty Tire, Inc., as of June 30, 2016, is presented next EEE (Click the icon to view the adjusted trial balance.) Requirements 1. Prepare the multi-step income statement for June for Mighty Tire, Inc. 2. Calculate the gross profit percentage for June for Mighty Tire, Inc. 3. What does Mighty Tire, Inc.'s gross profit percentage mean? Requirement 1. Prepare the multi-step income statement for June for Mighty Tire, Inc. Mighty Tire, Inc. Income Statement For the Month Ended June 30, 2016 Less: Net income (loss) This Questio Requirement 2. Calculate the gross profit percentage for June for Mighty Tire, 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 nearest tenth of a percent, X.X%.) Gross profit percentage Requirement 3. What does Mighty Tire, nc.'s gross profit percentage mean? (Enter the amount to one decimal place, XX. Mighty Tire, Inc.'s gross margin percentage means that each dollar of generates cents of that is used to cover and to generate