Bayton Limited had the following account balances at December 31, 2021: Collections from customers Dividends, paid in cash Freight expense Payments to suppliers on account Sales discounts Cost of goods sold Insurance expense Advertising expense Deferred revenue Travel and entertainment expense Cash received from debt Sales revenue Repairs and maintenance expense Rent expense Sales returns and allowances $78,654 13,000 12,865 77,596 17,625 111,848 5,400 50,341 6,540 13,540 13,400 302,550 12,855 15,000 12,125 14,875 4,575 24,552 21,500 Prepaid expenses Office supplies expense Income tax expense Contributions by owners Create a multiple step income statement and answer the following questions. If the company uses the multiple step income statement what is total gross profit for this company? N Question 24 (2 points) What is the company's gross profit ratio, also called gross profit margin ratio? N Question 25 (2 points) If the company uses the multiple step income statement what is net income? Question 26 (2 points) If the company uses the multiple step income statement what is total operating expenses for this company? A