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	$11,100
Cost of Goods Sold	88,000
Delivery Expense	4,300
Insurance Expense	1,100
Income Tax Expense	6,560
Rent Expense	12,000
Interest Expense	1,400
Sales Revenue	162,000
Sales Discounts	9,100
Sales Returns and Allowances	18,600

a.	Prepare a multistep income statement.

b.	Compute the gross profit percentage.