Question: Presented below is information for Device Depot for 2022. Prepare a single-step income statement, a multiple-step income statement, and compute the gross profit rate. (Round

Presented below is information for Device Depot for 2022.

$20,000 30,000 Operating ex penses Interest expense Interest revenue Net sales $203,000

Prepare a single-step income statement, a multiple-step income statement, and compute the gross profit rate. (Round to two decimal places.)

$20,000 30,000 Operating ex penses Interest expense Interest revenue Net sales $203,000 570,000 Cost of goods sold Loss on disposal of plant assets 800,000

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