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 Expense Sales Returns and Allowances Salaries and Wages Expense $ 160,000 16,290 230,000 40,000 18,500 6,750 38,200 Required: 1. Prepare a multistep income statement for external reporting purposes.