Real Data Table Reg $ 1,000 Interest Revenue Merchandise Inventory $ 17,200 45,300 38,400 44,000 36,500 64,340 3,100 300,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Fox, Capital Fox, Withdrawals Cash Cost of Goods Sold Equipment Interest Payable Rent Expense (Administrative) 17.500 7,200 Notes Payable, long-term Salaries Payable Net Sales Revenue Rent Expense (Selling) Salaries Expense (Administrative) Office Supplies Uneared Revenue Interest Expense Depreciation Expense-Equipment (Administrative) Utilities Expense (Administrative) 21,800 2,400 6,400 165,000 134,000 900 13,700 1,600 9,900 1,340 6,100 Salaries Expense (Selling) Utilities Expense (Selling) 4,300 10,600 Print Done Real Data Table Real $ 1,000 $ 17,200 45,300 38,400 36,500 64,340 Interest Revenue Merchandise Inventory Notes Payable, long-term Salaries Payable Net Sales Revenue Rent Expense (Selling) Salaries Expense (Administrative) Office Supplies Uneamed Revenue Interest Expense Depreciation Expense-Equipment (Administrative) Utilities Expense (Administrative) 44,000 3,100 300,000 21,800 2,400 Accounts Payable Accounts Receivable Accumulated Depreciation- Equipment Fox, Capital Fox, Withdrawals Cash Cost of Goods Sold Equipment Interest Payable Rent Expense (Administrative) Salaries Expense (Selling) Utilities Expense (Selling) 17,500 7,200 165,000 6,400 134,000 900 13,700 1,600 9,900 6.100 1,340 4,300 10,600 Print Done Culinary Delight Steak Company uses a perpetual inventory system. The records of Culinary Delight Ste accounts for the quarter ended April 30, 2024: (Click the icon to view the accounts.) Read the requirements. Requirement 1. Prepare a single-step income statement. Culinary Delight Steak Company Income Statement Quarter Ended April 30, 2024 Net Income (Loss) Time Remaini ecual inventory system. The records of Culinary Delight Steak Company list the following sel acounts for the quarter ended April 30, 2024: Click the icon to view the accounts.) Read the requirements. Requirement 2. Prepare a multi-step income statement. Begin by completing the statement through the gross profit, then calculate operating income in the second step and net income in the final step. (Enter Selling Expenses before Administrative Expenses. Use a minus sign or parentheses to show other expenses.) Culinary Delight Steak Company Income Statement Quarter Ended April 30, 2024 Gross Profit Culinary Delight Steak Company uses a perpetual inventory system. The records of Culinary Delight Steak Company list accounts for the quarter ended April 30, 2024: Click the icon to view the accounts.) Read the requirements. *** Gross Profit Net Income (Loss) Not Income (Los) Requirement 3. M.Fox, owner of the company, strives to eam a gross profit percentage of at least 50% Did Culinary Delight achieve this goal? Show your calculations Compute the gross profit percentage of Culinary Delight - Gross profit Did Culinary Delight achieve this goal? Culinary Delight achieve this goal