Xander Ltd. had the following account balances at December 31, 2021: Office supplies expense $4,260...
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Xander Ltd. had the following account balances at December 31, 2021: Office supplies expense $4,260 Travel and entertainment expense 2,745 Dividends, paid in cash 11,000 Payments to suppliers on account 33,825 Sales revenue 233,500 Sales returns and allowances 11,250 Contributions by owners 15,000 Advertising expense 6,965 Cost of goods sold 145, 1801 Insurance expense 1,500 Collections from customers on account 37,6551 Income tax expense 8,5401 Cash received from debt 10,000 Deferred revenue 9,500 Sales discounts 8,7501 Freight expense 6,850 Prepaid expenses 9,875 Repairs and maintenance expense 4,7451 Rent expense 13,500 Create a multiple step income statement and answer the following questions. Question 54 (2 points) If the company uses the multiple step income statement what is net income? Question 55 (2 points) If the company uses the multiple step income statement what is total operating expenses for this company? Question 56 (2 points) What is the company's gross profit ratio, also called gross profit margin ratio? Question 57 (2 points) What is total net sales for this company? Question 58 (2 points) If the company uses the multiple step income statement what is total gross profit for this company
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