The following is account information listed in alphabetical order for Compu-Soft for the month ended November 30, 2020.

Required

Prepare a multiple-step income statement for the month ended November 30, 2020.

Analysis Component: Assume that for the month ended October 31, 2020, 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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Adjusted Trial Balance Account Debit Credit Accounts payable . Accounts receivable. Accumulated depreciation, store equipment. $ 750 201 $ 1,200 106 4,600 166 101 Cash. 2,100 14,800 502 Cost of goods sold. 120 612 Depreciation expense, store equipment Peter Delta, capital. Peter Delta, withdrawals. 301 1,935 4,600 302 406 Rent revenue.. 2,500 Sales. 413 29,400 415 Sales discounts. 45 414 Sales returns and allowances. 720 7,200 165 Store equipment. Utilities expense 690 2,100 6,300 623 Wages expense. $39,185 $39,185 Totals