Z Stores Limited had the following account balances at December 31, 2021:

Advertising expense	$11,300
Collections from customers on account	27,600
Contributions by owners	20,000
Deferred revenue	6,800
Dividends, paid in cash	10,000
Income tax expense	7,410
Travel and entertainment expense	2,942
Freight expense	6,750
Office supplies expense	4,160
Cash received from debt	15,000
Payments to suppliers on account	32,300
Prepaid expenses	8,200
Sales revenue	178,000
Sales discounts	7,500
Sales returns and allowances	22,300
Repairs and maintenance expense	2,180
Cost of goods sold	81,510
Rent expense	10,000
Insurance expense	1,200

REQUIRED -

Create a multiple step income statement and answer the following questions. You do not have to hand in the income statement - it is rough work only.

What is total net sales for this company?

What is total gross profit for this company?

What is total operating expenses for this company?

What is net income for this company?

What is the company's gross profit ratio, also called gross profit margin ratio?