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could you help me with this? Required information (The following information apples to the questions displayed below) ToysRUs sells a variety of children's toys, games,
could you help me with this? Required information (The following information apples to the questions displayed below) Toys"R"Us sells a variety of children's toys, games, books, and accessories. Assume that a local store has the following amounts for the month of March 2021 Sales revue Advertising cense sont expense Gain on sale of the Inventory 1, 2001) Cost of goods sold 572,000 Inventory (Mar 11, 2021) 5.500 Intrance expense 5,400 Sales discounts 6,600 salaries expense Lactanse 35,5 $1,000 1.50 2.550 3.500 3.100 2.350 Required: 1. Prepare a multiple step income statement for the month ended March 31, 2021 TOYSUS Mungle step co Statement For the month of March 2021 Net Required: 1. Prepare a multiple-step income statement for the month ended March 31, 2021. TOYS"R"US Multiple step Income Statement For the month of March 2021 Net sales Total sales revenue $ 72,800 Less. Sales discounts (2,550) Net sales revenue Cost of goods sold $ 70,250 (35,350) 34 900 Gross profit Operating expenses Advertising expense Rent expense Insurance expense Salaries expense 5,500 3,400 1,850 8,500 19,250 15 650 Total Operating income Non-operating items Gain on sale of building 6,600 Total Income before income taxes Income tax expense 3.300 Net Income
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