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 categories for net sales, cost of goods sold, selling expenses, and general and administrative expenses. Complete this question by entering your answers in the tabs below. Compute the company's net sales for the year. Required: 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 categories for net sales, cost of goods sold, selling 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. Required information [The following information applies to the questions displayed below.] CVS Pharmacy has a location on the west side of Green Bay. Below is the store's adjusted balances on 8/31, and it prepares financial statements at the end of each month. Beginning merchandise inventory was $31,070. Data from a separate Excel file from CVS shows the following costs of its merchandising activities for the month of August