Interest Revenue $ 600 Accounts Payable 16,900 Merchandise Inventory 45,400 35,600 Accounts Receivable Accumulated Depreciation- Equipment Notes Payable, long-term 42,000 35,800 Salaries Payable 3,200 Fisher, Capital 59,925 Net Sales Revenue 310,000 Fisher, Withdrawals 22,000 21,800 Cash 7,800 Rent Expense (Selling) Salaries Expense (Administrative) 1,800 Cost of Goods Sold 170,500 Office Supplies 5,400 132,500 Equipment Interest Payable Unearned Revenue 13,400 900 2,200 Rent Expense (Administrative) 9,700 1,325 6,400 Interest Expense Depreciation Expense-Equipment (Administrative) Utilities Expense (Administrative) Delivery Expense (Selling) Salaries Expense (Selling) Utilities Expense (Selling) 4,300 10,500 3,300 Requirement 2. Prepare a multi-step income statement. Begin by completing the statement through the gross profit, then calculate operating income in the second step and net income in the final step. (Enter Selling Expenses before Administrative Expenses. Use a minus sign or parentheses to show other expenses.) Culinary Creations Beef Company Income Statement Quarter Ended April 30, 2024 Gross Profit Requirement 3. N. Fisher, owner of the company, strives to earn a gross profit percentage of at least 50%. Did Culinary Creations achieve this goal? Show your calculations. Compute the gross profit percentage of Culinary Creations. = Gross profit % % Did Culinary Creations achieve this goal? Culinary Creations achieve this goal. Choose from any list or enter any number in the input fields and then continue to the next