The following is a listing of all of the income statement accounts for Mulberry Street Sportswear as they appear on the adjusted trial balance as of December 31. Advertising Expense Cost of Goods Sold Delivery Expense Insurance Expense Income Tax Expense Rent Expense Interest Expense Sales Revenue Sales Discounts Sales Returns & Allowances $10,600 89,000 4.700 1,200 6.400 11.400 2,000 161,800 9,700 17,200 Required: a. Prepare a multistep income statement b. Compute the gross profit percentage. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a multistep income statement, Mulberry Street Sportswear Income Statement For the Year Ended December 31 Prev 1 of 10 !!! Next > The following is a listing of all of the income statement accounts for Mulberry Street Sportswear as they appear on the adjusted trial balance as of December 31. $10.600 89,000 4,700 1.200 Advertising Expense Coat of Goods Sold Delivery Expenne Insurance Expense Income Tax Expense Rent Expense Interest Expense Sales Revenue Sales Discounts Sales Returns & Allowances 6,400 11,400 2.000 161.800 9,700 17.200 Required: a. Prepare a multistep income statement b. Compute the gross profit percentage. Complete this question by entering your answers in the tabs below Required A Required Compute the gross profit percentage. (Round your answer to I decimal place le 0.1234 should be entered as 12.3).) Gross Profit ( Mequired A