Q2 Ch5 (Accounting) Only answer if you know how to do this correctly. Correct answers will get thumbs up

Tucker Department Store uses a periodic inventory system. The adjusted trial balance of Tucker Department Store at December 31, 2018, follows: E (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare Tucker Department Store's multi-step income statement for the year ended December 31, 2018. Assume ending Merchandise Inventory is $36,100. (Use a minus sign or parentheses to show other expenses.) Begin by calculating the gross profit, then complete the income statement in the next step. Tucker Department Store Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 385,000 Cost of Goods Sold: $ 37,100 Beginning Merchandise Inventory Purchases $ 290,000 Less: Purchase Returns and Allowances 113,000 Purchase Discounts 6,000 Net Purchases 171,000 Plus: Freight in 200 Net Cost of Purchases 171,200 Cost of Goods Available for Sale 208,300 Less: Ending Merchandise Inventory 36,100 Cost of Goods Sold 172,200 Gross Profit 212,800 Net Income (Loss) December 31, 2018 Balance Account Title Debit Credit Cash $ 7,500 Accounts Receivable 84,500 37,100 Merchandise Inventory (beginning) Office Supplies 400 Furniture 80,000 Accumulated DepreciationFurniture 18,100 Accounts Payable 29,000 Salaries Payable 2,100 Unearned Revenue 14,000 30,000 Notes Payable, long-term Tucker, Capital 61,900 Tucker, Withdrawals 88,500 Sales Revenue 385,000 Purchases 290,000 Purchase Returns and Allowances 113,000 6,000 Purchase Discounts 200 Freight In Selling Expense Administrative Expense 41,500 26,000 3,400 Interest Expense $ 659,100 $ 659,100 Total