Farm Quality Steak Company uses a perpetual inventory system. The records of Farm Quality Steak Company list the following selected accounts for the quar (Click the icon to view the accounts.) Read the requirements. Requirement 1. Prepare a single-step income statement. (Abbreviation used: Eq: = Equipment.) arm Quality Steak Company uses a perpetual inventory system. The records of Farm Quality Steak Company list the following selocted accounts for the quarter en Click the icon to view the accounts.) Read the requirements. Requirement 1. Prepare a single-ttep income statement. (Abbreviation used: Eq. = Equipment.)