Problem 4: The following data shows the Bouveret Bistro's operation for the past month. It offers a 10% discounts to all customers and has an income tax rate of 10%. Food sales $425,000 Payroll 106,250 Employee benefits 21,250 Cost of food sales 131,750 Other operating expenses 130,750 Non-operating income 2,300 I Required: 1) Based on the above data, prepare a multi-step income statement. 2) Compute food cost percentage, labor cost percentage, prime cost percentage and grosset profit margin. 3) Assume that the bistro has a 50% customer count as credit customers and it offers a cash discount of 5/10, n/30. Last month, there were 80% of its credit customers took advantage of the cash discount. Update the income statement from 1)