Multi-Step Income Statement-four (4) questions 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/x? Adiusted Trial Balance Credit December 31, 20xx Accounts Debit Cash 525,557 Accounts Receivable 50,000 Inventory 100.000 Supplies Equipment 150,000 Accumulated Depreciation Accounts Payable Deferred Revenue Current Portion Long-term Debt Long-term Debt Bonds Payable Common Stock Treasury Stock 0 Retained Earnings Dividends 5,000 Service Revenue Cost of Goods Sold 75,000 Supplies Expense Rent Expense 25,000 Utilities Expense 6,000 Depreciation Expense 9,000 Interest Expense 2.000 Income Tax Expense 4,000 Totals $460,557 550.000 25,000 25,000 10,000 50,000 75,000 25,000 50,000 150.557 $460.557 Fill in the blank with your calculated number. DO NOT include commas, Ssigns, period, decimal points, etc., just enter the raw number. For example, if you calculated the answer to be 524.123 you would only input: 24123 Webcourses will add commas to your answer. Question 34 Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of Operating Income" on the Multi-step Income Statement for the period ending 12/31/? Fill in the blank with your calculated number. DO NOT include commas. Ssigns, period, decimal points, etc. just enter the raw number. For example, if you calculated the answer to be 524.123 you would only input: 24123 Webcourses will add commas to your answer. Question 35 Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Net Income Before-Taxes" on the Multi-step Income Statement for the period ending 12/31/? Fill in the blank with your calculated number. DO NOT include commas. Ssigns, period, decimal points, etc. just enter the raw number. For example, if you calculated the answer to be 524.123 you would only input: 24123 Webcourses will add commas to your answer. Question 36 Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Net Income After-Taxes on the Multi-step Income Statement for the period ending 12/31/? Fill in the blank with your calculated number. DO NOT include commas, Ssigns, period, decimal points, etc, just enter the raw number. For example, if you calculated the answer to be 524 123 you would only input: 24123 Webcourses will add commas to your
