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PA$6-5($Algo$)$ Preparing a Multistep Income Statement and Computing the Gross Profit Percentage $[$LO $66]$

$[$The following information applies to the questions displayed below.$]$

Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The bookkeeper prepared the following statement at year$-$end $($assume that all amounts are correct, but note the incorrect format$)$:

$\backslash$table$[[\backslash$table$[[$BIG TOMMY CORPORATION$],[$Profit and Loss$],[$December $31]]],[,,$Debit,$],[$Net Sales,,,$$342,600$