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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 Cost of Goods Sold Delivery Expense Insurance Expense Income Tax Expense Rent Expense Interest Expense Sales Revenue Sales Discounts Sales Returns & Allowances $ 11,700 87,600 4,500 1,100 6,560 10,800 2,800 161,000 9,700 17,200 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 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 For the Year Ended December 31 Deferred Revenue Sales Revenue 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 $ 11,700 Cost of Goods Sold 87,600 Delivery Expense 4,500 Insurance Expense 1,100 Income Tax Expense 6,560 Rent Expense 10,800 Interest Expense 2,000 Sales Revenue 161,000 Sales Discounts 9,700 Sales Returns & Allowances 17,200 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 (t.e., 0.1234 should be entered as 12.3).) Gross Profit %