Requ Ired Informe tlon {The following information applies to the questions displayed be,'owj At the beginning of July. CD City has a balance in inventory of S29SO_ The following transactions occur during the month of Juty_ for sz,gse, 2/1e, rge. July July nd credit, nag. July July July July July July July Statt (partial) pay cash Pay wholesale M sell c IS Receive full sell c COs to M e CDs account Wholesale MLic freight cha g s r to the incorrectly ordered as to *olesale M July *olesaLe MLic , sue. 11 12 18 22 28 n Full. on account in Fun. t rs on that had related to the s husic supply sz,sse, s for csh, that had a of s2,sse. July 12. terms 2/1e, rge. cost of 32,gse. c Supply ceive credit of S21e. Pay Music Supply 2. Prepare the top section of the multiple-step income statement through gross profit for the month of July. st of