The following data were provided by Mystery Incorporated for the year ended December $31$:

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Cost of Goods Sold $ $170,000$

Income Tax Expense $19,230$

Merchandise Sales $($gross revenue$)$ for Cash $250,000$

Merchandise Sales $($gross revenue$)$ on Credit $44,000$

Office Expense $19,500$

Sales Returns and Allowances $7,350$

Salaries and Wages Expense $42,200$

Required:

$*$ Prepare a multistep income statement for external reporting purposes.