Required information Use the following information for Quick Studies below. (Algo) [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 $ 92,000 $ 122,000 $ 33,000 $ 14,200 $ 88,000 $ 5,200 $ 56,000 QS 4-16 (Algo) Preparing gross profit section of a multiple-step income statement LO P4 Use the above information to prepare the gross profit section of a multiple-step income statement. QS 4-16 (Algo) Preparing gross profit section of a multiple-step income statement LO P4 Use the above information to prepare the gross profit section of a multiple-step income statement. VITAMIN Income Statement For Year Ended December 31 0 0 $ 0