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Problem 6-204 [LO 6-6) The following is a listing of all of the income statement...

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Problem 6-204 [LO 6-6) 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 Advertising Expense Cost of Goods sold Delivery Expense Insurance Expense Income Tax Expense Rent Expense Interest Expense Sales Revenue Sales Discounts Sales Returns & Allowances 511,900 88,900 4,500 1,100 5,52 11,800 1,900 161,900 10,400 17,600 Required: a. Prepare a multistep Income statement b. Compute the gross profit percentage. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a multistep income statement. 00 ls OO Mulberry Street Sportswear Income Statement For the Year Ended December 31 Net Sales Sales Revenue Cost of Goods Sold Gross Profit Advertising Expense Insurance Expense Income from Operations Rent Expense x Income before Income Tax Expense Income Tax Expense Interest Expense Net Income OOO 133,900 161,900 88,900 73,000 X 11,900 X 1,100 13,000 X 11,800 x 58,900 5,520 1,900 41,800 x Required Required B > *Red text indicates no response was expected in a celor a formula-based calculation is incorrect; no points deduced

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