I need help ONLY with D and E please. Chapter 6 Problem Set AMAILINGSREVIEWVIEWPAGE LAYOUTREFERENCES令=,=。,EE|21AaBbCcI AaBbCcI AaBbC AaBbA AAa -Headi三, ,T Normal1 No Spac... Heading 1A - ay , A -ParagraphFontNINO'S PIZZERIAAdjusted Trial BalanceYear Ended December 31, 2019DebitCredit$ 775,98445,688200,460CashAccounts ReceivableBuildingsMerchandise InventoryAccounts PayableCommon Stock135,624$437,880410,542555,69684,652SalesInterest RevenueRent Revenue86,900Sales Salaries ExpenseOffice Supplies ExpenseSales Discounts24,5006,270102,890Interest ExpenseSales Returns and AllowancesCost of goods soldRent ExpenseDepreciation Expense: Office EquipmentInsurance ExpenseAdvertising Expense4,577105,854122,85320,00010,5552,78017,635Totals$1,575,670$1,575,670PA10 continued...A. Use the data provided to compute net sales for 2019.B. Compute the gross margin for 2019.C. Compute the gross profit margin ratio (rounded to nearest hundredth).D. Prepare a simple income statement for the vear ended December 31, 2019.E. Prepare a multi-step income statement for the year ended December 31, 2019.

Single-step income statement does not show the revenues and expenses separate into categories.…

NINO'S PIZZERIA Adjusted Trial Balance Year Ended December 31, 2019 Debit Credit $ 775,984 45,688 Cash Accounts Receivable 200,460 Buildings Merchandise Inventory Accounts Payable Common Stock 135,624 $437,880 410,542 555,696 84,652 86,900 Sales Interest Revenue Rent Revenue 24,500 Sales Salaries Expense Office Supplies Expense Sales Discounts 6,270 102,890 Interest Expense Sales Returns and Allowances Cost of goods sold Rent Expense Depreciation Expense: Office Equipment Insurance Expense Advertising Expense Totals 4,577 105,854 122,853 20,000 10,555 2,780 17,635 $1,575,670 $1,575,670 PA10 continued.. A. Use the data provided to compute net sales for 2019. B. Compute the gross margin for 2019. C. Compute the gross profit margin ratio (rounded to nearest hundredth). D. Prepare a simple income statement for the year ended December 31, 2019. E. Prepare a multi-step income statement for the year ended December 31, 2019.

NINO'S PIZZERIA Adjusted Trial Balance Year Ended December 31, 2019 Debit Credit $ 775,984 45,688 Cash Accounts Receivable 200,460 Buildings Merchandise Inventory Accounts Payable Common Stock 135,624 $437,880 410,542 555,696 84,652 86,900 Sales Interest Revenue Rent Revenue 24,500 Sales Salaries Expense Office Supplies Expense Sales Discounts 6,270 102,890 Interest Expense Sales Returns and Allowances Cost of goods sold Rent Expense Depreciation Expense: Office Equipment Insurance Expense Advertising Expense Totals 4,577 105,854 122,853 20,000 10,555 2,780 17,635 $1,575,670 $1,575,670 PA10 continued.. A. Use the data provided to compute net sales for 2019. B. Compute the gross margin for 2019. C. Compute the gross profit margin ratio (rounded to nearest hundredth). D. Prepare a simple income statement for the year ended December 31, 2019. E. Prepare a multi-step income statement for the year ended December 31, 2019.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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