The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Mulberry Street Sportswear as they appear on the 12/31/14 adjusted trial balance.

Accounts Payable	$10,500
Accounts Receivable	11,100
Advertising Expense	11,000
Cost of Goods Sold	87,300
Delivery Expense	4,600
Insurance Expense	1,000
Interest Expense	1,600
Merchandise Inventory	20,200
Rent Expense	10,600
Sales	160,300
Sales Discounts	9,900
Sales Returns and Allowances	17,900
Unearned Revenue	1,400

Required:

.

a. Prepare a multi-step income statement for 2014 for Mulberry Street Sportswear

b.	Compute the gross profit percentage for 2014 for Mulberry Street Sportswear. (Round your answer to 1 decimal place.)