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Pat 1 of 2 O Points of 20 Following are accounts tan trom the audient te utance of the Hoye Supey Company, December 31, 20x5 The company uses the periodic inventory system Alanouts are in thousands Click the conto vew the quirement 1. Prepare a detailed etiche e Income tonert for 20x5 mume hat hay Sue Company's accounts report de pense and bod debts epente as part of setting upences Lenty come me come songs on then we samen met on Hoyd Supply Company Income Statement For the Year Ended December 31, 20x5 150 Data table Detect 73 155 100 Freight Moto Saim 12 Costo de 5 Sales and common ve 264 Alowe Dadd Here poffespace Crouch Doren come CH ANG 13 0 50 Coach Dec OS Onces Haning 190 od 10 0 25 ce MA Tumhed Du 10 Director Ho w Det Pint Done Help me solve this Etext pages Get more help Requirement 1. Prepare a detailed multiple step income statement for 20X5 (Assume that Hoydt Supply Company's accounts report deliv Begin by completing the detailed multiple-step income statement through gross profit, then finish the statement with the com Hoydt Supply Company Income Statement For the Year Ended December 31, 20X5 (s in thousands) Revenues Deduct Net sales Cost of goods sold: O Deduct Net purchases Add Total cost of merchandise acquired Cost of goods available for sale Deduct Cost of goods sold Gross profit Help me solve this Etext pages Get more help - Data table $ 135 $ Sales salaries and commissions Inventory, December 31, 20X4 75 3 100 Freight in Miscellaneous expenses Sales 17 1,596 5 13 Bad debts expense 650 50 190 Allowance for bad debts Rent expense, office space Gross purchases Depreciation expense, office equipment Cash discounts on sales Advertising expense Purchase returns and allowances Delivery expense 10 56 46 60 25 Cash discounts on purchases Inventory, December 31, 20X5 Office salaries Rent expense, selling space Income tax expense Sales returns and allowances Office supplies used Depreciation expense, trucks, and store fixtures 26 45 36 5 10 30