Selected accounts of Malder's Mulins at May 31, 2023. are listed in alphabetical order beiow. For simplioby. al operating expenses are summarized in the accounts Selling Expenses and General Expenses. Malden's Muffins uses the perpetual inventory system. (Click the icon to view the accounts.) Required 1. Prepare Malder'sMulins' mutt-step income statement tar the year ended May31. 2023. 2. Milchellsterling. Owner of the company, strives to eam a gross margin of at least 50 peccent and a net income of 20 percent. Net income percentage = Net income + Net sales revenue). Did the business achieve these goals? Show your calculations. Requirement 1. Prepare Malder's Mulfins' mult-step income statement for the year ended May 31, 2023. Begin with the headirg, and then complete the body of the statement, one section at a time, as presented. (Use a minus sign or parentheses for any losses.) Requirement 2. Milchel Sterling. owner of the company, strives to eam a gross margin of at least 50 percent and a net income of 20 percent. (Net income percentage = Net income + Net sales revenue). Did the business achieve these goals? Show your calculations. Start by calculating the gross margin percentage. Select the formula, and then complete the calculation. (Round your answer to one docimal. Use a minus sign or parentheses to indicate a negative answer.) imargin percentage Now, calculate the net income percentage. Select the formula, and then complete the calculation. (Round your answer to ene decimal. Use a minus sign or parentheses for any losses or negative answers.] Malden's Muffins achieve its goals. Accounts