E6-17 (Algo) Analyzing Gross Percentage uitistep come Statem [The following information applies to the questions displayed below.] The following data were provided by Mystery Incorporated for the year ended December 31: Cost of Goods Sold Income Tax Expense Merchandise Sales (gross revenue) for Cash Merchandise Sales (gross revenue) on Credit Office Expense Sales Returns and Allowances Salaries and Wages Expense $ 160,000 16,290 230,000 40,000 18,500 6,750 38,200 E6-17 (Algo) Part 1 Required: 1. Prepare a multistep income statement for external reporting purposes. Net Sales MYSTERY INCORPORATED Income Statement For the Year Ended December 31 Accumulated Amortization Gross Profit Operating Expenses 0 0 0 $ 0 apples tions displayed The following data were provided by Mystery Incorporated for the year ended December 31: Cost of Goods Sold Income Tax Expense Merchandise Sales (gross revenue) for Cash Merchandise Sales (gross revenue) on Credit Office Expense Sales Returns and Allowances. Salaries and Wages Expense $ 160,000 16,290 230,000 40,000 18,500 6,750 38,200 E6-17 (Algo) Part 2 2-a. What was the dollar amount of gross profit? 2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.) 2-a. Gross Profit 2-b. Gross Profit Percentage %