Prepare a multi-step statement of income in the table given.

The following selected information is presented for Culver Limited for the year ended February 28, 2021 Culver uses a periodic inventory system $29 250 $49,180 108,820 71,440 76,500 Accounts receivable Administrative expenses Common shares Deferred revenue Dividends dedared Freight in Inventory, Mar. 1.2020 Inventory, Feb. 28, 2021 Purchase discounts Purchase returns and allowances Purchases 35,100 4,050 18,740 37,800 245,700 7.610 Sales 353,580 Income tax expense 8,390 Selling expenses 8.180 Interest expense 7.040 STAR- CULVER LIMITED Statement of Income > V CULVER LDUTED Statement of income Illu SS ILI Poland M