The calendar year-end ending balances for Pets R Us follows. Create a Multi-Step Income statement and a Statement of Retained Earnings. Use those statements to answer the question below.

Account Payable	42,000
account receivable	25,000
Accumulated depreciation-office equipment	37,000
Cash	9,400
Common Stock	40,000
Cost of good sold	180,000
Depreciation expence-office equipment	18,500
Dividends	48,000
Merchandise inventory	36,000
Notes payable	10,000

Office equipment	60,000
Office supplies	900
Office supplies expense	1,300
Retained earnings (beginning)	70,700
sales	305,000
Sales discount	6,000
Sales return and allowances	10,500
Sales salaries expense	32,500
Store equipment	75,000
interest expense	600

Interest revenue

700

1. What is the Net Sales?

2.What is the Gross Profit?

3. What is the Total Operating Expenses?

4. What is Operating Income?

5.What is the Net Income?

6. What is the Ending Retained earnings?