Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of Gross Profit on the Multi-step Income Statement for the period ending 12/31/xx? Partial Adjusted Trial Balance December 31, 20xx Accounts Debit Credit Cash $25,512 Accounts Receivable 50,000 100,000 4,000 150,000 Inventory Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Deferred Revenue Current Portion Long-term Debt $ 50,000 25,000 25,000 10,000 Long-term Debt 50,000 Bonds Payable 75,000 Common Stock 25,000 Treasury Stock ON Retained Earnings 50,000 Dividends 5,000 Revenue 250,512 Cost of Goods Sold 125.000 10,000 50.000 Utilities Expense Rent Expense Depreciation Expense Supplies Expense Interest Expense 10.000 20.000 4,000 Accumulated Depreciation Accounts Payable $ 50,000 25,000 Deferred Revenue 25,000 10,000 50,000 75,000 Current Portion Long-term Debt Long-term Debt Bonds Payable Common Stock Treasury Stock Retained Earnings Dividends 25,000 0 50,000 5,000 Revenue 250,512 Cost of Goods Sold 125.000 10,000 50,000 10.000 Utilities Expense Rent Expense Depreciation Expense Supplies Expense Interest Expense Income Tax Expense 20,000 4,000 8,000 Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 125.512 Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Operating Income" on the Multi-step Income Statement for the period ending 12/31/xx? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the rawhumber. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 98.000 Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Net Income Before-Taxes" on the Multi-step Income Statement for the period ending 12/31/xx? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123