neeed filled Build an income statement (last page Of chapter 6 notes formula you wrote) prepare a multistep income statement. Given for Bishop Incorporated for
Build an income statement (last page Of chapter 6 notes formula you wrote) prepare a multistep income statement. Given for Bishop Incorporated for the year ended 12/31/2022: Administrative Expcnsc COGS Income Tax Expense Sales Returns and Allowances Selling Expense Sales of merchandise on cash Sales of merchandise on credit Bishop Incorporated, lnc Income Statement 12.31.22 NET sales Less: COGS Net Income What is the amount of gross profit? What is the gross profit percentage? 19,000 165,000 17,600 7,000 40,200 240.000 42,000 this includes ALL sales minus any returns or discounts gross profit/netsales Evaluate these results in light of the company's 38% gross profit percentage for 2021. did we do better or worse?
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