Required information [The following information applies to the questions displayed below.] Vitamix reports the following information for its year ended December 31: Cash sales Sales on credit General and administrative expenses Sales returns Cost of goods sold Sales discounts Selling expenses $ 86,000. 116,000 30,000 13,600 86,500 4,600 50,000 Use the above information to prepare the gross profit section of a multiple-step income statement. VITAMIX Income Statement For Year Ended December 31