PLEASE ANSWER All. 1, 2a2b and c

Required information [The following information applies to the questions displayed below.) The following data were provided by Mystery Incorporated for the year ended December 31: Cost of Goods Sold Income Tax Expense Merchandise Sales (gross revenue) for Cash Merchandise Sales (gross revenue) on Credit Office Expenses Sales Returns and Allowances Salaries and Wages Expense $ 158,000 15, 710 226,000 39,200 18,300 6,630 37,400 Required: 1. Prepare a multistep income statement. MYSTERY INCORPORATED Income Statement For the Year Ended December 31 Required information [The following information applies to the questions displayed below.] The following data were provided by Mystery Incorporated for the year ended December 31: Cost of Goods Sold Income Tax Expense Merchandise Sales (gross revenue) for Cash Merchandise Sales (gross revenue) on Credit Office Expenses Sales Returns and Allowances Salaries and Wages Expense $ 158,000 15,710 226,000 39,200 18,300 6,630 37,400 2-a. What was the amount of gross profit? 2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.) 2-a. Gross Profit 2-b. Gross Profit Percentage c. Did the gross profit percentage in the current year improve, or decline, relative to the 37% gross profit percentage in the prior year? Improve Decline