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  3. the following is a listing of the income statement

The following is a listing of the income statement accounts for Mulberry Street Sportswear as...

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Accounting

image The following is a listing of the income statement accounts for Mulberry Street Sportswear as they appear on the adjusted trial balanc as of December 31. 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. 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

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