Honda Company Income For the Year hinded December 31, 2016 Revenue Ner Sale S800,000 ponses Cour of Good Sold Insurance Expense Salaries and Wage Expense Interest Expense Total Expenses Net Income (Loss) 5280,000 135,000 36.000 41.800 492.800 $307.200 If the income statement were prepared in a multiple-step format, the gross profit percent (roundest to the nearest percent) would be 1.58% 2.69% 3.74% 4.65%