Required information PA6-5 (Algo) Preparing a Multistep Income Statement and Computing the Gross Profit Percentage [LO 6 6] [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): PA6-5 (Algo) Part 1 Required: 1. Prepare a properly formatted multistep income stotement that would be used for externol reporting purposes. 1. Prepare a properly formatted multistep income statement that would be used for external reporting purpos