Hemstrom the accounts of Aster Dributors at July 31, 2017, followished in alphabetical order, Asher Durites use the perpetual inventory system for spicy, the operating expenses are urmarted in the General Expenses and Selling Expenses account Click the konto view the accounts.) Required 1. Prepare Aster Diors' mutup income statement for the year ended 2017 2 Corry Aster owner of the company wives to com a of at least so percent and a net income of 20 percent (Net Income percentage et income Natale evene) Aster Distributors achieve these goals? Show your caldation Requirement 1. Prepare Aster Distributor multe income statement for the year andey 31, 2017 Begin with the heading and the complete the body of the statement one section time, as presented Revenue Less Ne seven HUI JUU LAILUIS Net sales revenue Operating expenses Operating income (loss) Other revenue and expense Net Income (loss UN Come Requirement 2. Corry Aster, owner of the company strives to cam a growing of at least 50 percent and an income of 20 percent (Net income percentage Not income / Net sales revenue) Didater Distributors achieve these goals? Show your calculations Start by calculating the gross margin percentage. Use the following formula to complete the calculation found your answer to one decimal place. Use a minus sign of parentheses to indicates negative answer.) Gross margin percenta Now calculate the net income percentage Use the following formato complete the calculation (Round your answer to one decimal place. Use a minus sign or parentheses to indicate a negative answer Net income percentage Aster Distributors achieve that of its goals More Info statemer eam a gi sales revenue) $ 4,600 640 175.000 ny strives Accounts Payable Accounts Receivable Accumulated Amortization -Equipment C. Aster, Capital C Aster, Withdrawals Cash Cost of Goods Sold Equipment General Expenses Interest Expense 71,000 Interest Payable. 123.000 Interest Revenue Inventory: July 31, 2017 100,000 Note Payable, Long-Term 167,800 Salaries Payable 76.000 Sales Discounts 21,000 Sales Returns and 1.180.000 Alowances 188 940 Sales Revenue 208.000 Seling Expenses 9.400 Supplies Uncamed Sales Revenue 116.000 7.800 36.000 Jome/ Net sales Use the fol parentheses to 51.000 1.991.500 367 000 e following . theses to indica 49.000 25.000 oals Print Done