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1 100 points 01:14:47 TB Problem 6-197 (Algo) The following is a listing of the income statement... 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 $ 11,900 88,800 Interest Expense Sales Revenue Sales Discounts Sales Returns & Allowances Required: a. Prepare a multistep income statement. Include all operating expenses in one line item called "Selling, General and Administrative Expenses" and all non-operating revenues(expenses) in one line item called "Other Revenue (Expenses); net". b. Compute the gross profit percentage. Required A Required B 5,100 1,300 4,960 10,700 1,200 160,800 10,400 19,000 Complete this question by entering your answers in the tabs below. Income Statement Prepare a multistep income statement. Include all operating expenses in one line item called "Selling, General and Administrative Expenses" and all non-operating revenues (expenses) in one line item called "Other Revenue (Expenses), net". MULBERRY STREET SPORTSWEAR

TB Problem 6.197 (Algo) The following is a listing of the income statement... The following is a listing of all of the income statement accounts for Mulberry Street Sportswear as they oppear on the adjusted trial balance as of December 3 . Required: a. Prepare o multistep income stotement. include all operating expenses in one line item called "Seling. General and Adiministrative Expenses" and all non-operating revenues(expenses) in one Ine item callod "Other Revenue (Expensest) net: b. Compute the gross protit percentage. Complete this question by entering your answers in the tabs below. Prepare a mutistep income statement. Inciude all operating expecses in one line item called "Selling, Generat and Administrative Expenses" and al non'operating revenues(expenses) in one line item cabled "other Revenue (Experses), net

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