$[$The following information applies to the questions displayed below.$]$

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

$169,000$

$18,940$

$248,000$

$43,600$

$19,400$

$7,290$

$41,800$

Required:

Prepare a multistep income statement for external reporting purposes.