Question 44 ( 2 points) If the company prepares a multi-step Income Statement, the gross profit section will appears as: FASHION CENTRE LTD. Adjusted Trial AccountspayableSalariespayableInterestpayableIncometaxpayableUnearnedrevenueBankloanpayable(matures2018)CommonsharesRetainedearningsDividendsSalesInterestrevenueSalesdiscountsSalesreturnsandallowancesCostofgoodssold$34,400$1,210$175$1,100$600$35,000$16,400$25,000$10,000$250,900$5,000$4,520$159,600$33,810$13,850 RentexpenseDepreciationexpenseSuppliesexpenseInsuranceexpenseInterestexpenseAdvertisingexpenseIncometaxexpenseTotals$13,850$5,360$700$600$4,175$2,100$3,100$385,865$385,865 Sales revenue Sales Less: Sales returns and allowances $4,600 Sales discounts Net sales Interest revenue Total revenue Cost of goods sold Gross profit $4,520 $241,120 $5,000 $246,780 $159,500 $87,280 Sales revenue Sales Interest revenue Total revenue Cost of goods sold Gross profit $250,900 $5,000 $255,900 $159,500 $96,400 Sales revenue Sales $250,900 Less: Sales returns and allowances Sales revenue Sales Less: Sales returns and allowances $4,600 Sales discounts Net sales Interest revenu Total revenue $4,520$9,120 $241,780 $5,000 $246,780 Sales Less: Sales returns and allowances Sales discounts Net sales Sales revenue Cost of goods sold $4,600 Gross profit