In its income statement for the year ended december 31, 2017, darren company reported the following condensed data. salaries and wages expense $465,000 loss on disposal of plant assets $ 83,500 cost of goods sold 987,000 sales revenue 2,210,000 interest expense 71,000 income tax expense 25,000 interest revenue 65,000 sales discounts 160,000 depreciation expense 310,000 utilities expense 110,000 instructions (a) prepare a multiple‐step income statement. (b) calculate the profit margin and gross profit rate. (c) in 2016, darren had a profit margin of 5%. is the decline in 2017 a cause for concern? (ignore income tax effects.)

Jason started last week with $900 in his checking account. during the week, he wrote the checks below. at the end of the week, jason received a paycheck for $534.59. he recorded all of these transactions in his check register. trans typ./ check no. date description of transaction payment/ debit deposit/ credit (+) balance 900 00 241 12/4 miller's food market 53.21 53 21 groceries 846 79 242 12/7 frank's auto parts 24.05 24 05 oil and filter 822 74 243 12/8 mike's barber shop 15.00 15 00 haircut 807 74 deposit 12/9 paycheck 534.59 534 59 1,342 33 evaluate jason's check register. a. jason did a good job; everything is correct. b. the final balance is wrong; jason did not add everything correctly. c. jason should have written debit instead of deposit for the transaction type. d. jason entered the amount for his paycheck in the wrong column.