Prepare a multi-step income statement, classified balance sheet and calculate gross profit percentage The account balances for Ed's Electric Supply, Inc for the year ended August 31, 2021 are presented in random order. Prepare Ed's Electric Supply multi-step income statement. Calculate the gross profit percentage. The gross profit percentage was 53.3 percent in 2020. Has the gross profit percentage increased or decreased. 123.700 6,450 46,500 13,700 2,350 5,800 Cash Equipment Accounts Payable Common Stock LT Notes Payable General Expenses Salaries Payable Supplies Buildings Sales Returns and Allowances Prepaid Rent Interest Expense Retained Earnings 35,000 10,000 24,500 1,450 Cost of goods sold Accum Depr - Eq Unearned Revenue Sales Revenue Accounts Receivable Accum Depi - Bldg Mortgage Payable Dividends Sales Discount Selling Expenses Inventory Income tax expense Income tax payable 950 275,000 5,100 38,000 25,900 45,000 1,500 37,000 16,050 25,400 25,400 135,000 3,400 1,750 750 40,450 Thir