QUESTION 4: 15 POINTS : MULT-STEP INCOME STATEMENT **REQUIRED** (2 parts) PART 1) Using the Adjusted Trial Balance below, prepare (in good form) a Multi-Step Income Statement for Number Crunchers, Inc for the year 2020. PART 2) Calculate Number Cruncher's GP % ACCOUNT DEBIT CREDIT Cash $30 Cash $30 Cost of goods sold $105 General & Administrative $18 expenses Income tax $4 expense Interest $6 $40 expense Inventory Retained earnings $20 Sales $250 Sales discounts $3 Sales returns $7 and allowances $7 and allowances Selling expenses $60 Unearned Revenue 3 $273 $273 Totals