1.000 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 Advertising Expense $ 10, 700 Cost of Goods Sold 88,800 Delivery Expense 5,500 Insurance Expense Income Tax Expense 5,280 Rent Expense 12,000 Interest Expense 1,900 Sales Revenue 161,500 Sales Discounts 10,400 Sales Returns Allowances 18,000 Required: a. Prepare a multistep income statement. Include all operating expenses in one line item called "Selling, General and Administrative Expenses and all non-operating revenues{expenses) in one line item called "Other Revenue (Expenses), net" b. Compute the gross profit percentage. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required a Required B Prepare a multistep income statement. Include all operating expenses in one line item called "Selling, General and Administrative Expenses and all non-operating revenues(expenses) in one line item called "Other Revenue (Expenses), net" MULBERRY STREET SPORTSWEAR Income Statement Required B > 5,280 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. Advertising Expense $ 10,700 Coat of Goods Sold 88,800 Delivery Expense 5,500 Insurance Expense 1,000 Income Tax Expense Rent Expense 12,000 Interest Expense 1,900 Sales Revenue 161,500 Sales Discounts 10,400 Sales Returns 5 Allowances 18,000 Required: a. Prepare a multistep income statement. Include all operating expenses in one line item called "Selling, General and Administrative Expenses and all non-operating revenues[expenses) in one line item called "Other Revenue (Expenses), net". b. Compute the gross profit percentage. Complete this question by entering your answers in the tabs below. Required a Required B Compute the gross profit percentage. (Round your answer to 1 decimal place (le, 0.1234 should be entered as 12.3).) Gross Profit Required A Romeo