I need to prepare budgeted multiple-step income statement for June through gross profit!

{b1 Prepare the budgeted multiple-step income statement for June through gross prot. GRAND STORES Budgeted Income Statement r r H r 'H Attempts: U of 3" used Chlj-ck' A..5-..~.-.:-r In MailIr 2020. the budget committee of Grand Stores assembles the following data in preparation of budgeted merchandise purchases for the month of June. 1 Expected sales: June $ 5 1?,000,July$ 614.200. 2 Cost of goods sold is expected to be 15% of sales. 3. Desired ending merchandise inventory is 30% of the fol lowing {next} month's cost of goods sold. 4 The beginning inventory at June 1 will be the desired amount