Bayton Limitedhad the following account balances at December 31, 2021:

Collections from customers$78,654Dividends, paid in cash13,000Freight expense12,865Payments to suppliers on account77,596Sales discounts17,625Cost of goods sold111,848Insurance expense5,400Advertising expense50,341Deferred revenue6,540Travel and entertainment expense13,540Cash received from debt13,400Sales revenue302,550Repairs and maintenance expense12,855Rent expense15,000Sales returns and allowances12,125Prepaid expenses14,875Office supplies expense4,575Income tax expense24,552Contributions by owners21,500

multiple step income statement and answer the following questions.

If the company uses the multiple step income statement what is net income?

What is the company's gross profit ratio, also called gross profit margin ratio?

If the company uses the multiple step income statement what is total operating expenses for this company?

What is total net sales for this company?

Question 13 options:

If the company uses the multiple step income statement what is total gross profit for this company?