The following information is available for Shawson Ltd. for calendar 2018: 
Instructions
a. Use the above information to prepare a multiple-step income statement for the year ended December 31, 2018.
b. Calculate the gross profit margin and the profit margin for 2018.
Definitions:
Midstream
Pertaining to the urine sample collection method where the initial flow of urine is not collected, but the middle portion is captured for testing, to minimize contamination.
Urinary Tract Infections
Infections affecting any part of the urinary system, including the bladder, kidneys, ureters, and urethra, usually caused by bacteria.
Coffee Consumption
The act of drinking coffee and the study of its effects on the human body, including health implications.
Cotton Undergarments
Clothing items made from cotton fabric, designed to be worn under outer garments, known for their breathability and comfort.
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