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 Coat of Goods Sold Delivery Expense Insurance Expense Income Tax Expense Rent Expense Interest Expense Sales Revenue Sales Discounts Sales Returns 4 Allowances $11.700 17.400 5.900 1,200 5,640 10.900 1,600 161,400 10.900 17,800 Required: a. 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". b. Compute the gross profit percentage Required A Required B Prepare a multistep income statement. Include all operating expenses in one line item c Administrative Expenses" and all non-operating revenues(expenses) in one line item call MULBERRY STREET SPORTSWEAR Income Statement For the Year Ended December 31 $ Sales Revenue Sales Discounts 161,400 10,900 17,800 Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit 11,700 Other Operating Expenses Income Tax Payable Income Tax Expense Net Income