The following is a listing 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 $ 12,000 89,000 6,000 1,000 2,000 12,000 5,000 160,000 11,000 19,000 Required: a. Prepare a multistep income statement. Include all operating expenses in one line item called Selling, General and Administrative Expenses" and all non-operating revenues(expenses) in one line item called Other Revenue (Expenses), net". 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. Include all operating expenses in one line item called "Selling, General and Administrative Expenses" and all non-operating revenues(expenses) in one line item called "Other Revenue (Expenses), net. MULBERRY STREET SPORTSWEAR Income Statement