please do requirement 2

Requirement 2. Prepare a partial income statement through gross profit for the month ending April 30, 2020. Start by filling out the heading of the financial statement that will tell the company about the results of operations for the month. (Use a minus sign or parentheses for numbers to be subtracted.) Bold Interiors Income Statement (Partial) For the month of April 30, 2020 Transactions Net sales revenue Cost of goods sold: Apr. 3 Sold merchandise on account to Elisa Birch, $2,100, terms 5/10, n/30. 5 Sold merchandise on account to Amelia Orchard, $1,700, terms 2/10, n/30. 8 Bought $1,475 of merchandise inventory on account. Paid $135 for the freight fee on the inventory. 10 Collected payment from Elisa Birch for the April 3 sale. 13 Amelia Orchard returned $1,200 of the merchandise bought on April 5. 14 Collected payment from Amelia Orchard for the balance of the April 5 sale 15 Returned $45 of inventory that was defective from the April 8 purchase. 26 Paid the account payable from the April 8 purchase. 30 Physical count indicated that Bold Interiors had $350 in ending inventory. The balance in beginning inventory is $500. Goods available for sale Cost of goods sold Print Done Gross profit Requirement 2. Prepare a partial income statement through gross profit for the month ending April 30, 2020. Start by filling out the heading of the financial statement that will tell the company about the results of operations for the month. (Use a minus sign or parentheses for numbers to be subtracted.) Bold Interiors Income Statement (Partial) For the month of April 30, 2020 Transactions Beginning inventory Ending inventory Freight-in Net income Purchases Purchase returns Sales discount Sales returns Sales revenue Total expenses Apr. 3 Sold merchandise on account to Elisa Birch, $2,100, terms 5/10, n/30. 5 Sold merchandise on account to Amelia Orchard, $1,700, terms 2/10, n/30. 8 Bought $1,475 of merchandise inventory on account. Paid $135 for the freight fee on the inventory. 10 Collected payment from Elisa Birch for the April 3 sale. 13 Amelia Orchard returned $1,200 of the merchandise bought on April 5. 14 Collected payment from Amelia Orchard for the balance of the April 5 sale 15 Returned $45 of inventory that was defective from the April 8 purchase. 26 Paid the account payable from the April 8 purchase. 30 Physical count indicated that Bold Interiors had $350 in ending inventory. The balance in beginning inventory is $500. Goods available for sale Cost of goods sold Print Done Gross profit (Click on the icon to view the transactions.) Requirements 1. Record the transactions for the month of April assuming the periodic inventory system is used. 2. Prepare a partial income statement through gross profit for the month ending April 30, 2020. 3. Assume it is the company's year-end. Prepare the end-of-period entries to update inventory and record cost of goods sold. 4. Assume last month's gross profit percentage was 32%. Has this improved or declined in April? What likely accounts for this change? Apr. 26: Paid the account payable from the April 8 purchase. Journal Entry Date Debit Credit Accounts and Explanation Accounts payable Apr. 26 1,430 Cash 1,430 Paid accounts payable Requirement 2. Prepare a partial income statement through gross profit for the month ending April 30, 2020. Start by filling out the heading of the financial statement that will tell the company about the results of operations for the month. (Use a minus sign or parentheses for numbers to be subtracted.) Bold Interiors Income Statement (Partial) For the month of April 30, 2020 Transactions Net sales revenue Cost of goods sold: Apr. 3 Sold merchandise on account to Elisa Birch, $2,100, terms 5/10, n/30. 5 Sold merchandise on account to Amelia Orchard, $1,700, terms 2/10, n/30. 8 Bought $1,475 of merchandise inventory on account. Paid $135 for the freight fee on the inventory 10 Collected payment from Elisa Birch for the April 3 sale. 13 Amelia Orchard returned $1,200 of the merchandise bought on April 5. 14 Collected payment from Amelia Orchard for the balance of the April 5 sale 15 Returned $45 of inventory that was defective from the April 8 purchase. 26 Paid the account payable from the April 8 purchase. 30 Physical count indicated that Bold Interiors had $350 in ending inventory. The balance in beginning inventory is $500. Goods available for sale Cost of goods sold Print Done Gross profit