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Blossom Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, ledger of Blossom showed Cash of $4,500 and Owner's Capital of $4,500. May 1 Purchased merchandise on account from Braun's Wholesale Supply for $3,800, terms 2/10,n/30. 2 Sold merchandise on account $1,500, terms 1/10,n/30. The cost of the merchandise sold was $1,000. 5 Received credit from Braun's Wholesale Supply for merchandise returned $200. 9 Received collections in full, less discounts, from customers billed on May 2. 10 Paid Braun's Wholesale Supply in full, less discount. 11 Purchased supplies for cash $300. 12 Purchased merchandise for cash $1,200. 15 Received $100 refund for return of poor-quality merchandise from supplier on cash purchase. 17 Purchased merchandise on account from Valkey Distributors for $1,100, terms 2/10,n/30,FOB shipping point. 19 Paid freight on May 17 purchase $100. 24 Sold merchandise for cash $2,800. The merchandise sold had a cost of $1,800. 25 Purchased merchandise on account from Lumley, inc. for $550. terms 2/10,n/30. 27. Paid Valley Distributors in full, less discount, 29 Made refunds to cash customers for retumed merchandise $60. The returned merchandisecost $20, 31. Sold merchandise on account for $1,000 terms n/30. The cost of the merchandises sald was $500. Prepare a multiple-step income statement through gross profit for the month of May 2022 . (Use the ledger balances from part b and assume that no adjustments are necessary.) (Enter nesative amounts using either a neaative sion nrecedino the numhor a o a A5 ar p