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Question #4 (21 marks) Kappa Furniture has the following trial balance at their year-end, December 31,20XX. REQUIRED: 1) Prepare a classified multi-step income statement for

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Question \#4 (21 marks) Kappa Furniture has the following trial balance at their year-end, December 31,20XX. REQUIRED: 1) Prepare a classified multi-step income statement for Kappa Furniture as of December 31, 20XX. 2) Calculate Kappa Furniture's Gross Profit Ratio (GPR) and explain what this GPR tells us about Kappa Furniture

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