The following account information appeared on Ucore Sales€™ adjusted trial balance as of December 31, 2017. The accounts are listed in alphabetical order.

Required
1. Prepare a classified, multiple-step income statement for Ucore Sales, like Exhibit 5.13. 

2.Prepare a single-step income statement, like Exhibit 5.15.
Analysis Component: The gross profit ratio for Ucore Sales€™ year ended December 31, 2016, was 28%. Calculate this ratio for the year ended December 31, 2017, and compare it to the prior year, commenting on whether the change was favourable or unfavourable (round to two decimal places).

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Debit Credit $129,964 Cost of goods sold... Depreciation expense, office equipment . Depreciation expense, store equipment. ..... ... 690 3,204 Insurance expense 1.240 Liabilities... 84,000 46,547 Lyle Ucore, capital .. Lyle Ucore, withdrawals... Merchandise inventory 20,500 3,400 Other assets... 102,952 Rent expense (80% sales) ..... Salaries expense (70% sales) ... 19,950 71,000 Sales.. 226,500 Sales discounts. 278 Sales returns and allowances 1,469 Supplies expense (35% sales)... 2,400 $357,047 $357,047 Totals....