Required information

[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	$	156,000
Income Tax Expense		15,120
Merchandise Sales (gross revenue) for Cash		222,000
Merchandise Sales (gross revenue) on Credit		38,400
Office Expenses		18,100
Sales Returns and Allowances		6,510
Salaries and Wages Expense		36,600

Required:

1. Prepare a multistep income statement.