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 $11,200 88,800 5,300 900 6,200 10,200 1,300 161,100 9,100 18,800 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 is Cost of Goods Sold I 161,000 88,800 Gross Profit Selling, General, and Administrative Expenses 44.400 27,600 Income from Operations Other Revenue (Expenses), net Income before Income Tax Expense Income Tax Expense 6,200 Net Income Required A Required B >