310 chaprer S a multi-step PSJ8A Preparing a single-step income statement, preparing The records of Farm Quality Steak Company list the following Learning Objectives s, income statement, and computing the gross profit percentage 2 Operating income $93,120 the quarter ended April 30, 2018 17,700 interest Revenue 5 400 Accounts Payable 38,200 37,700 30,000 5,380 25,000 7,100 154,960 132,000 1,700 7,100 6,000 10,000 45,000 Accounts Receivable 54,000 Accumulated Depreciation-Equipment 2,800 Common Stock Merchandise Inventory Notes Payable, long-term Salaries Payable Net Sales Revenue Rent Expense (Selling) Salaries Expense (Administrative Office Supplies Unearned Revenue Interest Expense 298,000 Retained Earnings 15,100 Dividends 2,000 Cash 6500 Cost of Goods Sold 3,100 Equipment 2,100 Interest Payable 1,320 Rent Expense (Administrative 4,600 Salaries Expense (Selling) ,800 Utilities Expense (Selling) Depreciation Expense-Equipment (Administrative) Utilities Expense (Administrative Delivery Expense (Selling Requirements 1. Prepare a single-step incot 2 Prepare a multi-step inc atleast 50%. Did Harm 'c.cry 310 chaprer S a multi-step PSJ8A Preparing a single-step income statement, preparing The records of Farm Quality Steak Company list the following Learning Objectives s, income statement, and computing the gross profit percentage 2 Operating income $93,120 the quarter ended April 30, 2018 17,700 interest Revenue 5 400 Accounts Payable 38,200 37,700 30,000 5,380 25,000 7,100 154,960 132,000 1,700 7,100 6,000 10,000 45,000 Accounts Receivable 54,000 Accumulated Depreciation-Equipment 2,800 Common Stock Merchandise Inventory Notes Payable, long-term Salaries Payable Net Sales Revenue Rent Expense (Selling) Salaries Expense (Administrative Office Supplies Unearned Revenue Interest Expense 298,000 Retained Earnings 15,100 Dividends 2,000 Cash 6500 Cost of Goods Sold 3,100 Equipment 2,100 Interest Payable 1,320 Rent Expense (Administrative 4,600 Salaries Expense (Selling) ,800 Utilities Expense (Selling) Depreciation Expense-Equipment (Administrative) Utilities Expense (Administrative Delivery Expense (Selling Requirements 1. Prepare a single-step incot 2 Prepare a multi-step inc atleast 50%. Did Harm 'c.cry