1 The following is a listing of all of the income statement accounts for Mulberry Street Sportswear as they appear on the adjusted trial balance as of December 31. 8 004535 Advertising Expende Cont of Goods Bold Delivery Expense Thurance Expense Income Taxe pense Rent Expen Interest Expense tales Revenue Sales Discounta Sales Returns & Allowances $11,800 88.700 5,800 900 5,000 11,200 1,500 160,300 9.200 10,500 Required: a. Prepare a multistep Income statement b. Compute the gross profit percentage Complete this question by entering your answers in the tabs below. Required A Required Prepare a multistep income statement. Mulberry Street Sportswear Income Statement For the Year Ended December 31 Net Quiz Tools ross Profil Bellinger and Administrative Experies 100% income from Operation Colise 1 of 4 !!! Next > 1 Delivery Expense Insurance Expense Income Tax Expense Rent Expense Interest Expense Sales Revenue Sales Discounts Sales Returns & Allowances 5,800 900 5,080 11,200 1,500 160,300 9,200 18,500 00:45:15 Required: a. Prepare a multistep income statement. b. Compute the gross profit percentage. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a multistep Income statement. Mulberry Street Sportswear Income Statement For the Year Ended December 31 Net Sales Gross Profit Selling, General, and Administrative Expenses Income from Operations Other Revenue (Expenses), net income before Income Tax Expense Income Tax Expense ) Quiz Tools 100% Net Income Boulde Collapse Prey 1 of 4 Next 1 The following is a listing of all of the income statement accounts for Mulberry Street Sportswear as they appear on the adjusted trial balance as of December 31. 00:44:58 Advertising Expense Cont of Good old Delivery Expense Insurance Expense Income Tax Expense Rent Expense Interest Expense Sales Revenge Sales Discounts Sales Returns & Allowances $11,800 38,700 5,800 900 5,080 11,200 1,500 160,300 9.200 10.500 Required: a. Prepare a multiep income statement b. Compute the gross profit percentage. Complete this question by entering your answers in the tabs below. Required A Required Compute the grous profit percentage (Round your answer to 1 decimal place (1.0.0.1934 should be entered a 12.3). Gros Profil Collapse