1. David Arch, sole owner of Murray Company, presented the following income statement to his accountant. David also reported that his drawing account reflected $10,000 he withdrew during the same period. Please answer the following questions as of May 31, 2019. Murray Company Income Statement Year Ended May 31, 2019 $87,000 Revenue: Sales Expenses: Wages Rent Utilities Insurance Depreciation Miscellaneous 27,000 12,000 6.000 5,000 2,000 750 52,750 Net Income $34,250 A. What is Murray Company's profit margin? B. What are Murray Company's operating expenses? C. Which expense is always a noncash expense? D. Should the drawing amount of $10,000 be included on this income statement? E. What format is this income statement presented in, single-step or multi-step