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vecum to questo 6 The following is a listing of all of the income statement accounts for Mulberry Street Sportswear as they appear on the

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vecum to questo 6 The following is a listing of all of the income statement accounts for Mulberry Street Sportswear as they appear on the adjusted trial balance as of December 31 4 por Advertising Expense Cost of Goods Sold Delivery Expense Lasurance 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: 1. Prepare a multistep income statement b. Compute the gross profit percentage Answer is not complete. Complete this question by entering your answers in the tabs below. Regu Red 6 Complete this question by entering your answers in the tabs below. Required A 4 points Required B Prepare a multistep income statement. Mulberry Street Sportswear Income Statement For the Year Ended December 31 Not Sales Cost of Goods Sold 130.000 89,000 Gross Profit Advertising Expense Delivery Expense 41,000 12,000 6,000 Insurance Expense X 1,000 Rent Expense 12.000 Required A Required B >

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