1. Prepare a single-step income statement. 2. Prepare a multi-step income statement. 3. J. Dupont, manager of the company, strives to earn a gross profit percentage of at least 50%. Did Quality Cut achieve this goal? Show your calculations. $ 500 $ anco 45,700 45,000 2.400 305,000 Ing rter 21.600 Interest Revenue Merchandise. Inventory Notes Payable, long-term Salaries Payable Net Sales Revenue Rent Expense (Selling) Salaries Expense (Administrative) Office Supplies Uneamed Revenue Interest Expense Depreciation Expense-Equipment (Administrative) Utilities Expense (Administrative) Delivery Expense (Selling 1,500 6,200 Accounts Payable Accounts Receivable Accumulated Depreciation Equipment Common Stock Retained Earnings Dividends Cash Cost of Goods Sold Equipment Interest Payable Rent Expense (Administrative) Salaries Expense (Selling) Utilities Expense/Selling) 17.100 38,400 36.800 35,000 16,570 27,000 8.400 149,450 132,000 800 9,500 5,500 10.800 13,300 2,400 1,320 4,700 3.300 he Score: 0 of 1 pt 5 of 5 (0 completo) P5-38A (similar to) Quality Cut Steak Company uses a perpefu inventory system. The records of Quality Cut Steak Company list the following selected accounts for the quarter ended April 30, 2018 (Click the icon to view the accounts) Read the Requirement 1. Preparo a single stup income statement. (Abreviation ved Ego Eguament) Quality Cut Steak Company Income Statement Quarter Ended April 30, 2018 and anumber in the input fields and then click Check Answer Read the requirements Net Income (Loss) Choose from any list or enter any number in the input fields and then click Check Answer 5 parts Clear All remaining