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 89,000 5,700 900 6,320 11,200 1,100 161,300 9,600 17,300 Required: a. Prepare a multistep income statement. b. Compute the gross profit percentage. Required A Required B Prepare a multistep income statement. Mulberry Street Sportswear Income Statement For the Year Ended December 31 Compute the gross profit percentage. (Round your answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Gross Profit %