TB Problem 6-197 (Algo) The following is a listing of the income statement... The following is a listing of all of the Income statement accounts for Mulberry Street Sportswear as they appear on the adjusted trial balance as of December 31, Advertising Epense $ 10,100 Cost of Goods Sold 37,500 Delivery Expense 4,500 Insurance Expense Boe Income Tax Expense 7,440 Rent Expense 10,600 Interest Expense 1,300 Sales Revenue 160,500 Sales Discounts 9,100 Sales Returns Allcances 15,000 Required: 6. Prepare a multistep Income statement. Include all operating expenses in one line item called "Seling. General and Administrative Expenses and all non-operating revenues/expenses) in one line item called "Other Revenue (Expenses), net b. Compute the gross profit percentage apter b Quiz i Saved Required a Required B Prepare a multistepincome statement. Include all operating expenses in one line item called "Selling, General and Administrative Expenses" and all non-operating revenues(expenses) in one line item called "other Revenue (Expenses), net MULBERRY STREET SPORTSWEAR Income Statement Net Income Required Required > TB Problem 6-197 (Algo) The following is a listing of the income statement... The following is a listing of all of the Income statement accounts for Mulberry Street Sportswear as they appear on the adjusted trial balance as of December 31 Advertising Expense 5 10,100 Cost of Goods Sold 2.500 Delivery Expense 4.500 Insurance Expense 30 Income Tax pense 7,440 Rent Expense 10.60 Interest Expense 1,100 Sales Revenge 16,500 Sales Discounts 9,10 Sales Returns & Allowances 111.000 Required: a. Prepare a multiste income statement. Include all operating expenses in one line item called "Selling, General and Administrative Expenses and all non operating revenues expenses) in one line item called Other Revenue Expenses). net b. Compute the gross profit percentage Complete this question by entering your answers in the tabs below. Required Required Compute the gross profit percentage Round your awer to 1 decimal place 0.1234 should be entered 123) Gloss Prote Required A