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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 trial balance as
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 . 21 Advertising Expense Cost of Goods Sold Delivery Expense Insurance Expense Income Tax Expense Rent Expense Interest Expense Sales Revenue Sales Discounts Sales Returns & Allowances $ 11,600 88,200 5,500 600 5,360 10,800 1,700 160,200 10,500 17,900 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. Complete this question by entering your answers in the tabs below. Required A Required B 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 MULBERRY STREET SPORTSWEAR Income Statement Drau 36 of 36 Next 36 Complete this question by entering your answers in the tabs below. 8 02:00:59 Required A Required B 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". MULBERRY STREET SPORTSWEAR Income Statement ances 10, 500 Required: 17,980 200:37 a. Prepare a multistep income statement. Include all operating expenses in one line item called "S Expenses" and all non-operating revenues(expenses) in one line item called "Other Revenue (E b. Compute the gross profit percentage. 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 en Gross Profit %
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