Bullseye Corporation, is a general merchandise retader that sells products through its stores and digital channels. The company offers everyday essentials and merchandise at discounted prices. The items reported on its income statement for an earlier year (ended February 1) are presented here (dollars in millions) in simplified form in alphabetical order Cost of goods sold Interest expense Net revenue Selling, general, and administrative expenses Provision for income taxes Weighted average shares outstanding Required: a. Prepare a multiple-step consolidated income statement b. What is the gross profit percentage? 5.55,034 485 78,100 18,675 926 527.9 Complete this question by entering your answers in the tabs below. Required 1 Required 21 Prepare a multiple-step consolidated income statement. Note: Enter your answers in millions not in dollars. Round "Basic earnings per share" to 2 decimal places. Net revenue ALLESEVE CORPORATIONS Consolidate Ancomic Stdemog For the Year Ended February 1, Current Year Cost of goods sold Gross profit (in Millions Except per Sham Amounts) Selling, general, and administrative expenses Other operating expenses Operating loss Interest expense income tax expense $ 78,100 55,034 22,066 18,675 4,391 485 3,906 Prepare a multiple-step consolidated income statement. Note: Enter your answers in millions not in dollars. Round "Basic earnings per share" to 2 deci For the Year Ended February 1, Current Year Net revenue 78,100 Cost of goods sold 55,034 Gross profit 22,066 Selling, general, and administrative expenses 18,675 Other operating expenses 4,391 Operating loss Interest expense Income tax expense Income before income taxes Net income 485 3,906 926 2,980 $ 2,980 Earnings per share: Earnings per share $ 5.64 Weighted average shares outstanding 527.9 Bullseye Corporation, is a general merchandise retailer that sells products through its stores and digital channels. The company of everyday essentials and merchandise at discounted prices. The items reported on its income statement for an earlier year (ended February 1) are presented here (dollars in millions) in simplified form in alphabetical order Cost of goods sold Interest expense Net revenue Selling, general, and administrative expenses Provision for income taxes Weighted average shares outstanding Required: a. Prepare a multiple-step consolidated income statement b. What is the gross profit percentage? $ 55,034 485 78,100 18,675 926 527.9 Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the gross profit percentage? Note: Enter your answer as a percentage rounded to 1 decimal place (1.0., 0.123 should be entered as 12.3). Gross profit percentage 29.5 %