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 $ 11,300 88,800 4,900 600 5,400 11,900 1,100 161,200 10,500 18,600 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 called "Selling, General a Administrative Expenses" and all non-operating revenues(expenses) in one line item called "Other Revenue (Ex MULBERRY STREET SPORTSWEAR Income Statement For the Year Ended December 31 $ 161,200 Sales Revenue Sales Discounts Sales Returns and Allowances Other Revenue (Expenses), net (10,500) (18,600) 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 %