how to solve the both 1+2

Learning Objectives 5,6 P5-35A Preparing a single-step income statement, preparing a multi-step income statement, and computing the gross profit percentage The records of Quality Cut Steak Company list the following selected accounts for the quarter ended April 30, 2016: 2. Operating Income $80,700 Interest Revenue $ 500 45,300 Merchandise Inventory Notes Payable, long-term Salaries Payable Sales Discounts 52,000 2,400 5,500 Sales Returns and Allowances 8,500 Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Arnold, Capital Arnold, Withdrawals Cash Cost of Goods Sold Equipment Interest Payable Rent Expense (Administrative) Utilities Expense (Selling) Delivery Expense (Selling) $ 16,900 38,000 36,800 42,200 17,000 7,400 160,600 130,000 1,000 9,600 10,600 3,500 Sales Revenue Rent Expense (Selling) Office Supplies Uneamed Revenue Interest Expense Depreciation Expense-Equipment (Administrative) Utilities Expense (Administrative) 306,000 21,400 6,300 13,200 1,700 1,300 4,300 Requirements 1. Prepare a single-step income statement. 2. Prepare a multi-step income statement