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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

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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 $162,000 16,880 2 34,000 40,800 18,700 6, 870 39,000 Required information 1. Prepare a multistep income statement. MYSTERY INCORPORATED Income Statement For the Year Ended December 31

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