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 $ 10,800 Cost of Goods Sold 88,300 Delivery Expense 4,400 Insurance Expense 600 Income Tax Expense 6,160 Rent Expense 11,200 Interest Expense 1,200 Sales Revenue 160,300 Sales Discounts 9,400 Sales Returns & Allowances 19,000 Required: Prepare a multistep income statement. Include all operating expenses in one line item called Selling, General and Administrative Expenses and all non-operating revenues(expenses) in one line item called Other Revenue (Expenses), net. Compute the gross profit percentage.