The following summarized data were provided by the records of Mystery Incorpor

$\backslash$table$[[$Administrative Expense,$],[$Cost of Goods Sold,$23,000],[$Income Tax Expense,$185,000],[$Sales Returns and Allowances,$21,600],[$Selling Expense,$9,000],[$Sales of merchandise for cash,$48,200],[$Sales of merchandise on credit,$340,000]]$

Required:

Based on these data, prepare a multi$-$step income statement for internal reporti

$\backslash$table$[[$MYSTERY INCORPORATED$],[$Income Statement$],[$For the Year Ended December $31],[$Sales revenue,$$,392,000],[$Sales returns and allowances,,$9,000],[$Net sales,,$383,000],[$Cost of goods sold,,$185,000]]$