Instructions: Please prepare a Multi-Step Income Statement on your scratch paper based on the following Partial Adjusted Trial Balance. Use this multi-step income statement to answer this question and the next three (3) questions.

Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of Gross Profit on the Multi-step Income Statement for the period ending 12/31/xx?

1.what is the amount of Gross Profit 2.what is the amount of "Operating Income" 3.what is the amount of "Net Income Before-Taxes" 4.what is the amount of "Net Income After-Taxes"

Multi Stepincome Statement four (4) questions Instruction Plus prepare a Multi Stepincom Sta n ton your scratch paper based on the following Partial Adjusted Trial Balance Use this multistup income statement to this question and the Question Based on the Multi-step Income Statement you prepared on your scratch paper what is the amount of Grow Profit on the Mustpincome Statement for the period ending 12/31/ three (3) cuestions Adjusted Trial Balance December 31, 20xx Debit 525 555 Accounts Credit Accounts Receivable Inventory 100.000 4.000 150.000 Accumulated Depreciation $50,000 Deferred Rave Current Partion Long-term Debt Long-term Debt 25,000 10.000 50.000 75.000 25.000 Retained Earnings 50.000 5.000 Service Raven 150555 75.000 5.000 Cost of Goods Sold Supplies Expert Rent Expert utilities Expert Depreciation Expense 6.000 Interest E m Income Tax Experi Total 4.000 5460555 $460.555 Fill in the bank with your calculated number. DO NOT include commissions, period. decimal points, etc, justenter the numb cuand the answer to be $24 123 you would only input: 24123 Webcourses will add commes to your