Fast Motorcycle's selected accounts as of December $31,2025,$ follow:

View the accounts and balances.

Prepare the multi$-$step income statement for the year ended December $31,2025.$

Accounts and Balances

$\backslash$table$[[$Selling Expenses,$11,500],[$Interest Revenue,$1,500],[$Net Sales Revenue,$118,000],[$Cost of Goods Sold,$81,000],[$Administrative Expenses,$8,500]]$

Net Income $($Loss$)$

Done

Day Lily's selected accounts as of December $31,2025,$ follow:

View the accounts and balances.

Determine the gross profit percentage for the year ended December $31,2025.$

$=$ Gross profit $\%$

Accounts and Balances

$\backslash$table$[[$Selling Expenses,$11,500],[$Interest Revenue,$1,500],[$Net Sales Revenue,$150,000],[$Cost of Goods Sold,$117,000],[$Administrative Expenses,$9,500]]$