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[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

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[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 $ 166,000 18,060 242,000 42,400 19,100 7,110 40,600 Required: 1. Prepare a multistep income statement for external reporting purposes. MYSTERY INCORPORATED Income Statement 43

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