The following is the adjusted trial balance data for Nino’s Pizzeria as of December 31, 2019.

A. Use the data provided to compute net sales for 2019.
B. Compute the gross margin for 2019.
C. Compute the gross profit margin ratio (rounded to nearest hundredth).
D. Prepare a simple income statement for the year ended December 31, 2019.
E. Prepare a multi-step income statement for the year ended December 31, 2019.

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Cash Accounts Receivable Buildings Merchandise Inventory Accounts Payable Common Stock Sales Interest Revenue Rent Revenue Sales Salaries Expense Office Supplies Expense Sales Discounts NINO'S PIZZERIA Adjusted Trial Balance Year Ended December 31, 2019 Debit $ 775,984 45,688 200,460 135,624 Interest Expense Sales Returns and Allowances Cost of goods sold Rent Expense Depreciation Expense: Office Equipment Insurance Expense Advertising Expense Totals 24,500 6,270 102,890 4,577 105,854 122,853 20,000 10,555 2,780 17,635 $1,575,670 Credit $437,880 410,542 555,696 84,652 86,900 $1,575,670