Instructions The following data for the current year ended June 30 are from the accounting records of Zanadu Co.: Administrative expenses $28,750 Cost of goods sold 181,440 Interest expense 3,600 Rent revenue 1,500 Sales 534,440 Selling expenses 65,000 Required: Prepare a multiple-step income statement for the year ended June 30. Refer to the lists of Accounts Descriptions for the exact wording of the answer choices for text entries. Negative amounts should in surucuons Labels and Amount Descrip Instructions Labels and Amount Descriptions Th Labels For the Year Ended June 30 June 30 Operating expenses Other revenue and expense Amount Descriptions Gross profit Net income Net loss Operating income Total operating expenses Instructions Income Statement Zanadu Co. Income Statement For the Year Ended June 30 1 Sales $534.440.00 2 3 Gross profit $353,000.00 4 Operating expenses: 5 6 6 7 Instructions Labels and Amount Descriptions Income Statement Instructions Income Statement 4 Operating expenses: 5 6 7 8 9 (Label) 10 11 12