Check my work 10 Required information Part 1 of 2 [The following information applies to the questions displayed below) Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The bookkeeper prepared the following statement at year-end (assume that all amounts are correct, but note the incorrect format 9.09 points BIG TOMMY CORPORATION Profit and Loss 03:26.35 December 31 Debit Credit $389,900 Net Sales Skipped Cost of Goods Sold $271,000 56,eee 14,500 1,000 14,220 33,180 Salaries and Wages Expense Office Expenses Travel Expenses eBook Income Tax Expense Net Profit Print $389,900 Totals $389.900 10 Required information 1. Prepare a properly formatted multistep income statement that would be used for external reporting purposes Part 1 of 2 BIG TOMMY CORPORATION 9.09 Income Statement points 03 26 21 Skipped ellook Print 0326.08 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) Skipped Gross Profit Peroentage elook Print