Cali Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2024: (Click the icon to view the accounts and balances.) Prepare Cali Communications' multi-step income statement for the year ended July 31, 2024. (Use a minus sign or parentheses to show other expenses.) Cali Communications - Data table Income Statement Year Ended July 31, 2024 Cash $ 3,000 $ 18,600 1,800 Cost of Goods Sold Equipment, net Salaries Payable Selling Expenses Accounts Payable 8,500 4,500 1,900 Common Stock 2,525 Net Sales Revenue 28,600 1,500 Accounts Receivable 3,300 Notes Payable, long-term Merchandise Inventory Administrative Expenses 1,100 25 Interest Expense Refunds Payable 2,900 400 Estimated Returns Inventory 600 Sales Discounts Forfeited 400 Print Done Net Income (Loss) Miller Landscape Supply's selected accounts as of December 31, 2024 follow. B (Click the icon to view the accounts and balances.) Compute the gross profit percentage for 2024. . Begin by select the formula labels to compute the gross profit percentage, then enter the amounts and compute the gross profit percentage. (Round your answer to the nearest tenth of a percent, X.X%.) Gross profit % - Data table $ 13,200 Selling Expenses Interest Revenue Net Sales Revenue 1,400 140,000 Cost of Goods Sold 119,000 9,700 Administrative Expense Print Done Consider the following transactions for PeeWee's Toys: (Click the icon to view the transactions.) Requirements 1. Journalize the purchase transactions. Explanations are not required 2. In the final analysis, how much did the inventory cost PeeWee's Toys? Requirement 1. Journalize the purchase transactions. Explanations are not required. (Assume the company uses a perpetual inventory system. Record debits first, then credits. Exclude explanations from journal entries.) Apr. 8: PeeWee's Toys purchased $131,300 worth of PegaBlock toys on account with credit terms of 2/10, n/60. Date Accounts Debit Credit More info Apr. 8 Apr. 8 Apr. 12 PeeWee's Toys purchased $131,300 worth of PegaBlock toys on account with credit terms of 2/10, n/60. PeeWee's Toys returned $13,050 of the merchandise to PegaBlock due to damage during shipment PeeWee's Toys paid the amount due, less the return and discount Apr. 16 Print Done