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 Cont of Goods Sold Delivery Expense Insurance Expense Income Tax Expense Rent Expense Interest Expense Sales Revenge Sales Discounts Sales Returns & Allowances $10,800 88,500 5,500 1,400 5,800 12,000 1,100 160,500 9,200 17,500 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 Discount on Bonds Payable Rent Expense income from Operations (12,000) 15,600