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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

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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 of December 31, . Advertising Expense $10.900 Cost of Goods Sold 88, 600 Delivery Expense 5.900 Insurance Expense 1, 200 Income Tax Expense 5.080 Rent Expense 10.300 Interest Expense 1, 500 Sales Revenue 160.000 Sales Discounts 10.100 Sales Returns and Allowances 18, 800 Prepare a multistep income statement

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