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At the beginning of June, Circuit Country has a balance in inventory of $2.350. The following transactions occur during the month of June. June 2Purchase radios on account from Radio World for $2.050, terms 2/15, n/45. June 4 Pay cash for freight charges related to the June 2 purchase from Radio World, $270. June 8 Return defective radios to Radio World and receive credit, $400. June 10 Pay Radio World in full. June 11 Seil radios to customers on account, 8), 100, that had a cost of $2,550. June 18 Receive payment on account from customers, $2.700. June 20 Purchase radios on account from Sound Unlimited for $3,150, terms 2/10, 1/30. June 23 Sell radios to customers for cash, 6.650, that had a cost of $2.950. June 26 Returs damaged radios to sound isted and receive credit of $500. June 28 Pay Sound United in full. Problem 6-3B Part 2 2. Prepare the top section of the multiple-step income statement through gross profit for the month of June Answer is complete but not entirely correct. CIRCUIT COUNTRY Multiple-step Income Statement partial For the month of June Net Sales 8.350 Cost of Good Sold 5,500 Sales Discounts 1,000 Gross Profit 12.850