Question: please answer ALL boxes Prepare an income statement through gross profit for the month of May 2022. (Round answers to decimal places, eg. 5,275.) SHERIDAN

please answer ALL boxes  please answer ALL boxes Prepare an income statement through gross profit
for the month of May 2022. (Round answers to decimal places, eg.

Prepare an income statement through gross profit for the month of May 2022. (Round answers to decimal places, eg. 5,275.) SHERIDAN HARDWARE STORE Income Statement (Partial) For the Month Ended May 31, 2022 Total Revenues Sales Revenue 10780 Less Sales Returns and Allowances 128 Sales Discounts 208 Net Sales 10572 Cost of Goods Sold 7738 Gross Profit 2834 Calculate the profit margin and the gross profit rate. (Assume operating expenses were $1,484.) (Round answers to 1 decimal place, es 15.5%) Profit margin 13.5 % Gross profit rate 26.8

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