The following summarized data were provided by the records of Mystery Incorporated for the year ended December 31: Administrative Expense Cost of Goods Sold Income Tax Expense $ 22,200 181,000 20,800 Sales Returns and Allowances 8,600 Selling Expense 46,600 Sales of merchandise for cash Sales of merchandise on credit 320,000 50,000 Required: 1. Based on these data, prepare a multi-step income statement for internal reporting purposes.