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please help with other requirements, thank you. 15,100 3,800 Operating Expenses: Selling Expenses: Rent Expense-Selling Delivery Expense-Selling Salaries Expense-Selling Utilities Expense-Selling Total Selling Expenses Administrative
please help with other requirements, thank you.
15,100 3,800 Operating Expenses: Selling Expenses: Rent Expense-Selling Delivery Expense-Selling Salaries Expense-Selling Utilities Expense-Selling Total Selling Expenses Administrative Expenses: Salaries Expense-Administrative Depreciation Expense Eq.-Administrative Utilities Expense-Administrative 6,000 10,000 34,900 2,000 1,320 4,600 7,100 Rent Expense-Administrative Total Administrative Expenses 15,020 49,920 Total Operating Expenses Operating Income 93,120 - Data table $ 400 $ 17.700 38,200 37.700 30,000 5,380 25.000 45,000 54,000 2,800 298,000 15,100 2,000 Interest Revenue Merchandise Inventory Notes Payable, long-term Salaries Payable Not Sales Revenue Rent Expense (Selling) Satanes Expense (Administrative) Office Supplies Uneamed Ravenue Interest Expenso Depreciation Expense Equipment (Administrative) Utilities Expense (Administrative) Delivery Expense (Seling) Accounts Payable Accounts Receivable Accumulated Depreciation Equipment Common Stock Rotained Eamings Dividends Cash Cost of Goods Sold Equipment Interest Payable Rent Expense (Administrative) Salaries Exponse (Seling) Utilities Expense (Selling) 7,100 6,500 13.100 2,100 1,320 4,600 3,800 154,960 132,000 1,700 7,100 6.000 10,000 Print Done Requirements 1. Prepare a single-step income statement. 2. Prepare a multi-step income statement. 3. M. Doherty, manager of the company, strives to earn a gross profit percentage of at least 50%. Did Farm Quality achieve this goal? Show your calculations. Print Done Step by Step Solution
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