* * ZU T AaBbCcDdEe AaBbCcDdEe No Spacing AaBbcc Heading 1 Normal The following is a listing of all of the income statement accounts for Aristotle Supply Co. as they appear on the adjusted trial balance at December 31: Advertising Expense $5,200 Cost of Goods Sold 266,000 Depreciation Expense (operating) 10.500 Insurance Expense 2.800 Income Tax Expense 1,200 Interest Expense 975 Interest Income 750 Rent Expense 45,370 Sales Revenue, net 398,000 Shipping Costs 18,000 Prepare a multistep income statement in proper form for the year ending December 31: (Provide your response here.) What is the gross profit percentage for Ariyotle as of December 317 in words, what does this indicate about the company's operations/financial performance? (Provide your response here.) View lings Review EVER 21 AaBbCcDdEe AaBbCcDdEe Aa BbCcDc AaBb CcDdE Heading 1 Heading 2 Normal No Spacing Copernicus Inc. uses a periodic Inventory system. The following inventory transactions were recorded in 2019: Date Transaction Units Unit Cost January 1 Beginning Inventory $50 March 28 Purchase August 22 Purchase 20 October 14 Purchase The company sold 47 units on October 28 at a price of $88 each. Calculate Copernicus' ending inventory and cost of goods sold using the following inventory costing methods. For full credit, show your work/calculations. FIFO a. Cost of Goods Sold: (Provide your response here.] b. Ending Inventory. [Provide your response here. LIFO a. Cost of Goods Sold: Provide your response here.] b. Ending Inventory Provide your response here. What journal entries should be used to record the sale of inventory on October 28, assuming FIFO is used as the costing method? (Remember to reflect both the revenue and expense portions of the sale.) Provide your response here. What amount of gross profit would Copernicus record on the October 28 sale? Provide your response here