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Multi-Step Income Statement four (4) questions Instructions: Please prepare a Multi Step Income Statement on your scratch paper based on the following Partial Adjusted Trial Balance. Use this multi-step income statement to answer this question and the next three (3) questions. You will need to know the amounts for net sales, gross profit, operating income, and net income after taxes. Adjusted Trial Balance As of 12/31/20xx Accounts Normal Account Balance $25.913 24.500 3.000 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Deferred Revenue Common Stock Retained Earnings Service Revenue Sales Discounts Cost of Goods Sold Rent Expense Interest Expense Income Tax Expense 35,000 10,000 50,000 10,000 75,000 1.117 150,166 5.140 14.000 3.000 Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Net Sales on the Multi-step Income Statement for the period ending 12/31/x? Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Gross Profit" on the Multi-step Income Statement for the period ending 12/31/xx? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Operating Income" on the Multi-step Income Statement for the period ending 12/31/xX? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period. decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only Input: 24123 Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Net Income After-Taxes" on the Multi-step Income Statement for the period ending 12/31/xx? Fill in the blank with your calculated number. DO NOT include commas. $ signs, period, decimal points, etc. Just enter the raw number Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123