Required information E6-17 Analyzing Gross Profit Percentage on the Basis of a Multistep Income Statement [LO 6-6) [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 Expenses Sales Returns and Allowances Salaries and Wages Expense 170,000 19,230 250, eee 44,000 19,500 7,350 42,200 E6-17 Part 1 MYSTERY INCORPORATED Income Statement For the Year Ended December 31 2 Net Sales Cash 0 Gross Profit Operating Expenses Office Expenses Salaries and Wages Expense 0 0 Total Operating Expenses Income from Operations Other Operating Expenses Income Tax Expense Net Income $ 0