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The dropdowns are in that order according to how they want the income statement to be prepared. I've showed you the options of the dropdown as well as where they are supposed to go.

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 $ 10,300 88,400 4,988 1,400 5,92 11,600 1,500 160,608 1e, 2ee 17,500 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. Complete this question by entering your answers in the tabs below. Required A Required B 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 Income Statement For the Year Ended December 31 132,300 88.400 439,900 Net Sales Cost of Goods Sold Gross Profit Selling. General, and Administrative Expenses Income from Operations Other Revenue (Expenses), net Income before Income Tax Expense Income Tax Expense Net Income 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 $ 10,3ee 88,400 4,988 1,400 5,928 11,600 1,500 160,600 10,200 17,500 Required: a. Prepare a multistep Income statement. Include all operating expenses in one line item called "Seling, 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. Complete this question by entering your answers in the tabs below. Required A Required B 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 Income Statement For the Year Ended December 31 Gross Loss Gross Profit Net Income Net Loss Gross Profit Net Sales Gross Profit Income before Income Tax Expense Income from Operations Gross Profit Loss from Operations Net Income

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