$ 31,000 Other (non Common stock 10,000 8,000 212,040 Cost of goods sold 26,505 2,544 office supp 31, 2017, reveal the itemized costs. nts received 4,375 3,900 Costs of transportation-in Prev13 of 22 Next > On August 31, 2016, merchandise inventory was $25,017. Supplementary records of merchandising activities for the year ended August 3,900 and ad Complete this hetps h 04 Homework Saved Help Save& Exit S Check my w 13 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, an general and administrative expenses. 4. Prepare a single-step income statement that includes these expense categories: cost of goods sold, selling expenses, and genera and administrative expenses. eBock Complete this questlons by entering your answers in the below tabs. Required 1Required 2 Required 3 Required 4 Compute the company's net sales for the year Net Sales Sales Net sales