! Required information [The following information applies to the questions displayed below.] Baskin-Robbins is one of the world's largest specialty ice cream shops. The company offers dozens of different flavors, from Very Berry Strawberry to lowfat Espresso 'n Cream. Assume that a local Baskin-Robbins in Raleigh, North Carolina, has the following amounts for the month of July 2021. Salaries expense Inventory (July 1, 2021) Sales returns Utilities expense Income tax expense $13,000 1,950 1,200 3,250 5,300 Sales revenue Interest income Cost of goods sold Rent expense Interest expense Inventory (July 31, 2021) $66,300 2,600 28,350 6,000 500 1,200 Required: 1. Prepare a multiple-step income statement for the month ended July 31, 2021. BASKIN-ROBBINS Multiple-step Income Statement For the month of July 2021 Net sales: Total sales revenue Net sales revenue Operating expenses: 0 Total Operating income Non-operating items: Total ! Required information [The following information applies to the questions displayed below.] Baskin-Robbins is one of the world's largest specialty ice cream shops. The company offers dozens of different flavors, from Very Berry Strawberry to lowfat Espresso 'n Cream. Assume that a local Baskin-Robbins in Raleigh, North Carolina, has the following amounts for the month of July 2021. Salaries expense Inventory (July 1, 2021) Sales returns Utilities expense Income tax expense $13,000 1,950 1,200 3,250 5,300 Sales revenue Interest income Cost of goods sold Rent expense Interest expense Inventory (July 31, 2021) $ 66,300 2,600 28,350 6,000 500 1,200 3. Calculate the gross profit ratio for the month of July. Gross Profit Ratio =