Problem 5-8B Income statementsperpetual LO5

CHECK FIGURES: 1. Operating expenses = $134,050; 2. Loss = $1,650

The following adjusted trial balance information was taken from the end of the July 31, 2017, fiscal year for Brilliant Sales: (See image)

Brilliant Sales uses a perpetual inventory system. Required 1. Prepare a classified multiple-step income statement for use by internal users (like Exhibit 5.13). 2. Prepare a multiple-step income statement for external users (like Exhibit 5.14). 3. Prepare a single-step income statement (like Exhibit 5.15).