Please answer the following questions, thanks.

1.the business' multi-step income statement for the year ended July 31, 2020.

2. Daisy's General Merchandising's statement of owner's equity at July 31, 2020.

3. Daisy's General Merchandising's classified balance sheet in report format at July 31, 2020.

4.B. Daisy, owner of the company, strives to earn a gross margin percentage of at least 28.5 percent and a net income percentage of 15.3 percent (Net income percentage = Net income Net sales revenue). Did Daisy's General Merchandising achieve these goals? Show your calculations. Round answers to one decimal place.

Accounts Payable................... $102,000

Accounts Receivable.............. 117,000

Accumulated Amortization Equipment...................... 61,500

B.Daisy, Capital.................. 863,400

B. Daisy, Withdrawals........ 42,300

Cash.......................................... 46,200

Equipment............................... 484,000

General Expenses................... 284,250

Interest Expense..................... 10,200

Interest Payable...................... 8,800

Interest Revenue..................... 1,500

Inventory: July 31, 2019....... $ 730,000

Inventory: July 31, 2020....... 525,000

Notes Payable, LongTerm.. 500,000

Purchases.......... 1,361,000

Salaries Payable.................. 23,000

Sales Discounts................... 25,000

Sales Returns and Allowances.......... 52,800

Sales Revenue..................... 1,891,200

Selling Expenses.................. 317,250

Supplies............................ 16,200

Unearned Sales Revenue.... 34,800