1. Compute the company's net sales for the year. 2. Compute the company's total cost of merchandise purchased for the year. 3. Prepare a multiple-step income statement that includes separate categorles for net sales, cost of goods sold, selling expenses, and general and administrative expenses. 4. Prepare a single-step income statement that includes these expense categones: cost of goods sold, seling expenses, and general and administrative expenses. Complete this question by entering your answers in the tabs below. Compute the company's total cost of merchandise purchased for the year