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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:
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 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 $166,000 18,060 242,000 42,400 19,100 7,110 40,600 Required: 1. Prepare a multistep income statement. MYSTERY INCORPORATED MYSTERY INCORPORATED Income Statement 0 es 0 0 $ 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 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 $166,000 18,060 242,000 42,400 19,100 7,110 40,600 2-a. What was the amount of gross profit? 2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.) 2-a. Gross Profit 2-b. Gross Profit Percentage
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