Z Stores Limited had the following account balances at December 31, 2021: Rent expense $12,000 Repairs and maintenance expense 3,175 Sales discounts 10,300 Prepaid expenses 11,450 Cash received from debt 14,000 Freight expense 7,730 Income tax expense 12,145 Deferred revenue 8,750 Collections from customers on account 38,725 Insurance expense 1,800 Cost of goods sold 138,453 Sales returns and allowances 15,500 Sales revenue 268,700 Payments to suppliers on account 42,610 Office supplies expense 6,125 Travel and entertainment expense 3,180 Dividends, paid in cash 12,500 Contributions by owners 17,500 Advertising expense 26,570 Create a multiple step income statement and answer the following questions.

Question 85 (2 points) Question 85 options: If the company uses the multiple step income statement what is net income?

Question 86 (2 points) Question 86 options: If the company uses the multiple step income statement what is total gross profit for this company?

Question 87 (2 points) Question 87 options: What is total net sales for this company?

Question 88 (2 points) Question 88 options: If the company uses the multiple step income statement what is total operating expenses for this company?

Question 89 (2 points) Question 89 options: What is the company's gross profit ratio, also called gross profit margin ratio?