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 $10,700 87,700 5,800 1,000 5, 640 10,600 1,900 160,300 10,400 18, 100 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 Net Sales Cost of Goods Sold 87,700 Gross Profit Selling, General, and Administrative Expenses Income from Operations Other Revenue (Expenses), net Income before Income Tax Expense Income Tax Expense 5,640 Net Income Complete this question by entering your answers in the tabs below. Required A Required B Compute the gross profit percentage. (Round your answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).). Gross Profit %