5 The following summarized data were provided by the records of Mystery Incorporated for the year ended December 31: $ 10 points 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 20, 200 171,000 18,800 7,600 42,600 270,000 45,000 eBook Print References 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 Operating expenses: Check my 5 2-a. What was the amount of gross profit? Gross profit pok int ences 2-6. What was the gross profit percentage? Gross profit percentage % 2-c. Which of the following(s) is true? (Select all that apply.) The gross profit percentage is the average amount of gross profit earned on each dollar of net purchase. The gross profit is cost of goods sold minus net sales revenue. The gross profit is net sales revenue minus cost of goods sold. The gross profit percentage is the average amount of gross profit earned on each dollar of net sales. References 3. Did the gross profit percentage in the current year improve, or decline, relative to the 42 percent gross profit percentage in the prior year? There is in the gross profit percentage when compared to 42% in the previous year