P5-35A. Preparing a single-step income statement, preparing a multi-step income statement, and computing the gross profit percentage The records of Grade A Steak Company list the following selected accounts for the quarter ended April 30, 2015: Interest Revenue $ 800.00 Accounts Payable $ 17,000.00 Merchandise Inventory 45,100 Accounts Receivable 33,500 Notes Payable, long-term 47,00 Accumulated Depreciation - Equipment 37,600 Salaries Payable 2,400 Angus, Capital, Jan. 31 53,300 Sales Discounts 2,000 Angus, Withdrawals 20,000 Sales Returns and Allowances 7,500 Cash 7,600 Sales Revenue 296,100 Cost of Goods Sold 162,100 Rent Expense (Selling) 21,780 Equipment 130,600 Office Supplies 5,700 Interest Payable 1,200 Unearned Revenue 13,300 Rent Expense (Administrative) 9,780 Interest Expense 2,000 Utilities Expense (Selling) 10,890 Depreciation Expense - Equipment (Admin.) 1,630 Delivery Expense (Selling) 3,630 Utilities Expense (Administrative) 4,890