roblem $5-5$A $($Static$)$ Parts $1,2$ and $3$

equired: $$

Using the above information, prepare adjusting journal entries.

Prepare a multiple$-$step income statement for the year ended January $31$ that begins with gross sales and includes separate

categories for net sales, cost of goods sold, selling expenses, and general and administrative expenses.

Prepare a single$-$step income statement for the vear ended Januarv $31.$