Question

The following is a listing of all of the income statementaccounts for Mulberry Street Sportswear as they appear on theadjusted trial balance as of December 31. Advertising Expense$10,900 Cost of Goods Sold 87,800 Delivery Expense 5,200 InsuranceExpense 1,100 Income Tax Expense 5,640 Rent Expense 11,600 InterestExpense 1,000 Sales Revenue 160,200 Sales Discounts 10,600 SalesReturns and Allowances 17,900

Prepare a multistep incomestatement.

 

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