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 $10,500 Cost of Goods Sold 88,100 Delivery Expense 6,000 Insurance Expense 1,300 Income Tax Expense 6,600 Rent Expense 10,200 Interest Expense 1,200 Sales Revenue 161,800 Sales Discounts 9,400 Sales Returns & Allowances 18,600 Required: Prepare a multistep income statement. Compute the gross profit percentage