Amy's Beauty Supply Store has the following information available at the end of the month. Sales Revenue $160,100; Sales Returns $18,700; Sales Discounts $10,000; Purchase discounts $11,800; Shipping on purchases $5,900; Cost of Goods Sold $87,800; Inventory $164,400. Create a multi-step income statement for the company (through Gross Profit). a. Prepare a partial multi-step income statement (through Gross Profit). 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 (through Gross Profit). MULBERRY STREET SPORTSWEAR Income Statement < Required A Required B >

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.