The following account information appeared on the adjusted trial balance for Ucore Sales as of December 31, 2023. The accounts are listed in alphabetical order.

Required
1. Prepare a classified multiple-step income statement for Ucore Sales, like Exhibit 5.13.

2. Prepare a single-step income statement, like Exhibit 5.15.

Analysis Component:
The gross profit ratio for Ucore Sales’ year ended December 31, 2022, was 28%. Calculate this ratio for the year ended December 31, 2023, and compare it to the prior year, commenting on whether the change was favourable or unfavourable (round to two decimal places).

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Cost of goods sold........ Depreciation expense, office equipment......... Depreciation expense, store equipment.. Insurance expense.......... Liabilities................. Lyle Ucore, capital................. Lyle Ucore, withdrawals......... Merchandise inventory........... Other assets.............. Rent expense (80% sales).......... Salaries expense (70% sales)............... Sales....... Sales discounts........... Sales returns and allowances... Supplies expense (35% sales)................. Totals..................... ***************** Debit Credit $129,964 690 3,204 1,240 20,500 3,400 102,952 19,950 71,000 84,000 46,547 226,500 278 1,469 2,400 $357,047 $357,047