large Problem 5-7B Income statements-perpetual L05 CHECK FIGURE: 1 Total operating expenses = $98,484 The following account information appeared on Ucore Sales' adjusted trial balance as of December 31, 2013 The accounts are listed in alphabetical order. Debit Credit $129,964 690 3,204 1.240 84.000 46,547 Cost of goods sold Depreciation expense, office equipment Depreciation expense, store equipment Insurance expense Liabilities Lyle Ucore, capital Lyle Ucore, withdrawals Merchandise inventory Other assets Rent expense (B0% sales) Salaries expense (70% sales) Sales Sales discounts Sales returns and allowances Supplies expense (35% sales) Totals 20.500 3.400 102.952 19,950 71.000 226,500 278 1,469 2.400 $357,047 $357,047 Required 1. Prepare a classified multiple-step income statement for Ucore Sales, like Exhibit 5.13. 2. Prepare a single-step income statement, like Exhibit 5.15. Analysis Component: The gross profit ratio for Ucore Sales' year ended December 31, 2019, was 289 Calculate this ratio for the year ended December 31, 2020, and compare it to the prior year, commenting on whether the change was favourable or unfavourable (round to two decimal places). 386