-13 1 Current Attempt in Progress You have been provided with the following selected accounts for Culver Ltd. for the year ended April 30, 2024: apter 5 Assignment Question 7 of 7 < > View Policies Inventory, May 1, 2023 $602.000 Interest expense $31,000 Purchases 5,943,000 Interest income 20,000 Accounts receivable 787,000 Accounts payable 572,000 Sales 9.332,000 Administrative expenses 806.000 Purchase discounts 37,000 Selling expenses 163,000 Freight in 113.000 Cash 169,000 Land 893,000 Common shares 204,000 Culver conducted a physical inventory count on April 30, 2024. Inventory on hand at that date was determined to be $1.021,800. CULVER LTD. (a) Prepare a partial multiple-step statement of income for the year ended April 30, 2024, through to gross profit ** 80 a = FS % 35 < F6 F7 > 2 66 & 7 7 8 . 00 E R T Y U 2 3 $ 75 4 Q W S D Z X 8 DD 89 FIG F11 6 . P F G H J K L C V B N M Statement of Income (Partial) $