The following account information, in alphabetical order, was taken from the work sheet of Compu Soft for the month ended November 30, 2020 Adjusted Trial Balance Account Debit Credit 201 Accounts payable $ 670 106 Accounts receivable $ 1,120 166 Accumulated depreciation, store equipment 3,800 101 Cash 1,700 502 Cost of goods sold 14,000 612 Depreciation expense, store equipment 120 301 Peter Delta, capital 2,455 302 Peter Delta, withdrawals 6,400 406 Rent revenue 1,700 413 Sales 28,600 415 Sales discounts 45 414 Sales returns and allowances 640 165 Store equipment 6,400 690 Utilities expense 1,300 623 Wages expense 5,500 Totals $ 37,225 $ 37,225 Required Prepare a multiple step income statement for the month ended November 30, 2020 Analysis component Assume that for the month ended October 31, 2020, net sales were $47,000, cost of goods sold was $34,200, and income from operations was $9,800 Calculate the companys gross profit ratios for October and November (Do not round intermediate calculations Round your final answers to 2 decimal places )

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The following account information, in alphabetical order, was taken from the work sheet of Compu-Soft for the month ended November 30, 2020. Adjusted Trial Balance

The following account information, in alphabetical order, was taken from the work sheet of Compu-Soft for the month ended November 30, 2020.

		Adjusted Trial Balance
	Account		Debit		Credit
201	Accounts payable			$	670
106	Accounts receivable	$	1,120
166	Accumulated depreciation, store equipment				3,800
101	Cash		1,700
502	Cost of goods sold		14,000
612	Depreciation expense, store equipment		120
301	Peter Delta, capital				2,455
302	Peter Delta, withdrawals		6,400
406	Rent revenue				1,700
413	Sales				28,600
415	Sales discounts		45
414	Sales returns and allowances		640
165	Store equipment		6,400
690	Utilities expense		1,300
623	Wages expense		5,500
	Totals	$	37,225	$	37,225

Required: Prepare a multiple-step income statement for the month ended November 30, 2020.

Analysis component: Assume that for the month ended October 31, 2020, net sales were $47,000, cost of goods sold was $34,200, and income from operations was $9,800. Calculate the companys gross profit ratios for October and November. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)