Check my wo 16 Part 3 of 3 Required information [The following information applies to the questions displayed below.) Part 3 of 3 0.67 points Skipped At the beginning of October, Bowser Co.'s inventory consists of 65 units with a cost per unit of $35. The following transactions occur during the month of October October 4 Purchase 115 units of inventory on account from Waluigi Co. for $50 per unit, terms 2/10, n/30. October 5 Pay cash for freight charges related to the October 4 purchase, $570. October 9 Return 20 defective units from the October 4 purchase and receive credit. October 12 Pay Waluigi Co. in full. October 15 Sell 145 units of inventory to customers on account, $11,600. (Hint: The cost of units sold from the October 4 purchase includes $50 unit cost plus $6 per unit for freight less $1 per unit for the purchase discount, or $55 per unit.] October 19 Receive full payment from customers related to the sale on October 15. October 20 Purchase 85 units of inventory from Waluigi Co. for $55 per unit, terms 1/10, n/30. October 22 Sell 85 units of inventory to customers for cash, $6,800. (Note: For calculating the cost of inventory sold, ignore the possible purchase discount on October 20.) eBook Print References 3. Prepare the top section of the multiple-step income statement through gross profit for the month of October after the adjustment for lower of cost and net realizable value. Skipped 3. Prepare the top section of the multiple-step income statement through gross profit for the month of October after the adjustment for lower of cost and net realizable value. eBook Print References BOWSER CO. Multiple-step Income Statement (partial) For the month of October