How do I

[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][SIZE=3][COLOR=#000000]Preparinga single-step income statement, preparing a multi-step[/COLOR][/SIZE]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][SIZE=3][COLOR=#000000]incomestatement, and computing the gross profit percentage[/COLOR][/SIZE]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]The records of Grade A Steak Companylist the following selected accounts for the[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]quarter ended April 30, 2015:[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]Learning Objectives 5, 6[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]2.Operating Income $71,900[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000] [/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]InterestRevenue $ 800 Accounts Payable $ 17,000[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000] [/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]MerchandiseInventory 45,100 Accounts Receivable 33,500[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000] [/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]NotesPayable, long-term 47,000 Accumulated Depreciation—Equipment 37,600[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000] [/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]SalariesPayable 2,400 Angus, Capital, Jan. 31 53,300[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000] [/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]SalesDiscounts 2,000 Angus, Withdrawals 20,000[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000] [/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]SalesReturns and Allowances 7,500 Cash 7,600[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]SalesRevenue 296,100 Cost of Goods Sold 162,100[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]RentExpense (Selling) 21,780 Equipment 130,600[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]OfficeSupplies 5,700 Interest Payable 1,200[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]UnearnedRevenue 13,300 Rent Expense (Administrative) 9,780[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]InterestExpense 2,000 Utilities Expense (Selling) 10,890[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]DepreciationExpense—Equipment (Administrative) 1,630 Delivery Expense (Selling) 3,630[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]UtilitiesExpense (Administrative) 4,890[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][SIZE=3][COLOR=#000000]Requirements[/COLOR][/SIZE]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT]

1. Prepare asingle-step income statement
   
2. Prepare a multi-stepincome statement

[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000] [/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]3. M. Davidson, manager of the company, strives to earn a grossprofit percentage[/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][COLOR=#000000]of at least 50%. Did Grade A achieve this goal? Show yourcalculations.[/COLOR]
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Please look at your post. This is what happens when you just copy homework!

For a single step income statement you simply have one line for your revenues, one line for all of your expenses, and a final line for your Net Income.

A multi step income statement you have one line for each item, so use your accounting textbook for the proper format of a multi-step income statement.

I just don't know why we bother