For the financial affect the outcome of transactions in a multi step income statement for the month ended October 31 prepared for external use

[The following information applies to the questions displayed below] a On October 1, the Business Students' Soclety (BSS) placed an order for 120 golf shirts at a unit cost of $30, under terms 2ho, n/30. b The order was recelved on October 10, but some golf shirts differed from what had been ordered. Uncertaln whether the shirts would be returned or kept, BSS declded to record any purchase discount only when taken (using the gross method). c On October 11, 30 golf shirts were returned to the supplier. d On October 12, BSS complained the remaining golf shirts were slightly defective so the supplier granted a $100 allowance. e BSS pald for the golf shirts on October 13. f During the first week of October, BSS recelved student and faculty orders for 100 golf shirts, at a unit price of $62, on terms 2/10, n/30. g The golf shirts were delilvered to these customers on October 18. Unfortunately, customers were unhappy with the golf shirts, so BSS permitted them to be returned or given an allowance (see h and uncertain whether customers would keep or return the shirts, BSS decided to record any sales discount only when taken (using the gross method). L On October 19, one-half of the golf shirts were returned by customers to BSS On October 20, an allowance was given on account equal to $14.00 per shirt for the remaining 50 shirts. k The customers paid their remalning balances on the last day of the month, October 31. 3. Report the financial effects of the above transactions in a multistep income statement for the month ended October 31 prepared for external use. For the Month Ended October 31 Net Sales ross Profit Income from Operations ncome