The following items were taken from the December $31,2023,$ records of Speedy Boat Company, which uses a periodic inventory system:Salary payable$$1,100$Sales revenue$480,000$Interest revenue$3,000$Freight in$20,000$Beginning inventory$35,000$Sales discounts$18,000$Purchases of inventory$240,000$Purchase returns and allowances$35,000$Purchase discounts$10,000$Sales returns and allowances$35,000$Ending inventory$80,000$Operating expenses$85,000$Interest expense$7,000$Owner withdrawals$12,000$Required:$1)$ Calculate the following for Speedy Boat Company $(14$ points $-2$ points each$)$:Net sales revenueNet purchasesCost of goods available for saleCost of goods soldGross marginOperating incomeNet incomeEA CA TA tA$\mathrm{.}2)$ Prepare a multi$-$step Income Statement for Atlantis Merchandising. $(16$ points $-1$ point