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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

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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 Sales Returns and Allowances Selling Expense Sales of merchandise for cash Sales of merchandise on credit 21,600 178,000 20, 200 8,300 45,400 305,000 48,500 Required: 1. Based on these data, prepare a multi-step income statement for internal reporting purposes. MYSTERY INCORPORATED Income Statement For the Year Ended December 31 0 0 Operating expenses: $ 0 $ 0

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