Required information CP6-5 (Algo) Preparing a Multistep Income Statement and Computing the Gross Profit Percentage [LO 66] [The following information applies to the questions displayed below.] Psymon Company, Incorporated, sells construction equipment. The annual fiscal period ends on December 31 . The following adjusted trial balance was created from the general ledger accounts on December 31: CP6-5 (Algo) Part 1 Required: 1. Prenare a multicten inenme ctatement that wnuld he liced for external rennitinn nurnoces TIP. Snme of the arrnuntc lictert will 1. Prepare a multistep income statement that would be used for external reporting purposes. TIP: Some of the accounts listed wi appear on the balance sheet rather than the income statement. 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.)