Interest Revenue 900 Accounts Payable $ 17,400 Merchandise Inventory 45,100 Accounts Receivable 38,700 Notes Payable, long-term 50,000 Accumulated Depreciation-Equipment 37,600 Salaries Payable 3,100 French, Capital 63,910 Net Sales Revenue 294,000 French, Withdrawals 26,000 Rent Expense (Selling) 24,400 Cash 7,700 Salaries Expense (Administrative) 1,700 Cost of Goods Sold 152,880 Office Supplies 6,600 Equipment 133,000 Unearned Revenue 13,500 Interest Payable 1,600 Interest Expense 2,500 Rent Expense (Administrative) 9,500 Depreciation Expense-Equipment (Administrative) 1,330 Salaries Expense (Selling) 5,700 Utilities Expense (Administrative) 4,300 Utilities Expense (Selling) 10,900 Depreciation Expense-Equipment (Administrative) 1,330 Utilities Expense (Administrative) 4,300 Delivery Expense (Selling) 3,500 Culinary Delight Steak Company Income Statement Quarter Ended April 30, 2024 Net Income (Loss) 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 Seling Expenses befors Administrative Expenses Use a minus sign or parentheses to show other expenses) Culinary Delight Steak Company Income Statement Quarter Ended April 30, 2024 Gross Profit Activate Windows Gross Profit Quarter Ended April 30, 2024 Requirement 3. C. French, owner of the company, strives to eam a gross profit percentage of at least 50% Did Culinary Delight achieve this goal? Show your calculations Compute the gross profit percentage of Culinary Delight Did Culinary Delight achieve this goal? Culinary Delight achieve this goal Gross profit% Activate Windows Requirement 3. C. French, owner of the company, strives to earn a gross profit percentage of at least 50%. Did Culinary Delight achieve this goal? Show your calculations. Compute the gross profit percentage of Culinary Delight Did Culinary Delight achieve this goal? Culinary Delight achieve this goal. Gross profit%