Instructions:

The following data for the current year ended June $30$ are from the accounting records of Zanadu Co$.$:

Required:

Prepare a multiple$-$step income statement for the year ended June $30.$ Refer to the lists of Accounts in the information given, Labels, and Amount

Descriptions for the exact wording of the answer choices for text entries. Negative amounts should be entered with a minus sign. Be sure to

complete the statement heading. You will not need to enter colons $($ : $)$ on the income statement.

Labels and Amount Descriptions:

Labels:

For the Year Ended June $30$

June $30$

Net revenue and expense

Operating expenses

Amount Descriptions:

Gross profit

Net income

Net loss

Operating income

Total operating expenses

Income Statement

Prepare a multiple$-$step income statement for the year ended June $30.$ Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for

the exact wording of the answer choices for text entries. Negative amounts should be entered with a minus sign. Be sure to complete the statement heading. You

will not need to enter colons $($ : $)$ on the income statement.

Please help!