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The following is a listing of all of the income statement accounts for Mulberry Street Sportswear as they appear on the adjusted balance as of

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The following is a listing of all of the income statement accounts for Mulberry Street Sportswear as they appear on the adjusted 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 $10,800 89,000 5,200 500 6,200 11,500 1,500 161,600 9,900 17,700 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

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