Accounting Supplies Retailer (ASR) had the following transaction during Year 1: 1. Inventory that had cost $22,800 was sold for $38,760 under terms 2/20, net/30. 2. Customers returned merchandise to ASR five days after the purchase. The merchandise had been sold for a price of $1,288. The merchandise had cost ASR $920. 3. All customers paid their accounts within the discount period. 4. Selling and administrative expenses amounted to $3,876. 5. Interest expense paid amounted to $330. 6. Land that had cost $7,300 was sold for $10,585 cash. Required a. Determine the amount of net sales. b. Prepare a multi-step income statement. Complete this question by entering your answers in the tabs below. Req A Req B Determine the amount of net sales. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Net sales Res Req B > Complete this question by entering your answers in the tabs below. Req A Prepare a multistep income statement. (Round your intermediate calculations and final ans amount. Amounts to be deducted and losses should be indicated with a minus sign.) Req B Accounting Supplies Retailer Income Statement For the year ended December 31, Year 1 Operating expenses Non-operating items < Req A Req B