The following is account information listed in alphabetical order for Compu-Soft for the month ended November 30, 2023.

Required
Prepare a multiple-step income statement for the month ended November 30, 2023.

Analysis Component:
Assume that for the month ended October 31, 2023, net sales were $32,000, cost of goods sold was $19,200, and income from operations was $8,000. Calculate and compare the company’s gross profit ratios for October and November.

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201 Accounts payable.......... 106 Accounts receivable.............. Account 166 Accumulated depreciation, store equipment. 101 Cash................ 502 Cost of goods sold................ 612 Depreciation expense, store equipment... 301 Peter Delta, capital. 302 Peter Delta, withdrawals... 406 Rent revenue......... 413 Sales............ 415 Sales discounts...... 414 Sales returns and allowances. 165 Store equipment... 690 Utilities expense. 623 Wages expense... Totals....... Adjusted Trial Balance Debit Credit $ 750 $ 1,200 2,100 14,800 120 4,600 45 720 4,600 1,935 2,500 29,400 7,200 2,100 6,300 $39,185 $39,185