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 Salaries and Wages Expense $167,000 18,350 244,000 42,800 19,200 7,170 41,000 Returns and Allowances Required 1. Prepare a multistep income statement. MYSTERY INCORPORATED Income Statement For the Year Ended December 31 Net Sales Accounts Receivable Gross Profit 167,000 167,000 0 167,000 $ 167,000