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 $ 68,000 98,000 21,000 11,800 82,000 2,800 32,000 Use the above information to prepare the gross profit section of a multiple-step income stateme VITAMIX Income Statement For Year Ended December 31