At year-end, ABC Company's general ledger includes the following accounts (in alphabetical order) Cash $ 34,201 Cost of goods sold 235,720 General and administrative expenses 35,821 Sales 465,800 Sales discounts 13.666 Sales returns and allowances 2.105 ABC's income statement will show the following amount for Gross Profit (Gross Margin) KOM's multiple-step income statement reports Gross Profit of 5729,879. Its general ledger also includes the accounts shown below in alphabetical order). All accounts have normal balances (debitor credit) Cost of goods sold $238.520 General and administrative expenses 37.788 Interest expense 4,975 nterest revenue 750 Sales returns and allowances 4,092 Selling expenses 44,179 KOM's multiple-step income statement will report the following amount for income from Operations ABC Company's multiple-step income statement reports Income from Operations of 5663, 510. Its general ledger also includes the accounts shown below (in alphabetical order). All accounts have normal balances (debitor credit: Cost of goods sold $154 601 General and administrative expenses 45,367 Interest expense 9,861 Interest revenue 19,801 Selling expenses 65.982 ABC Company's multiple-step income statement will report the following amount for Net Income Help Save & Ext Sub Required information Middle Tennessee Company starts a merchandising business on December and enters into the following three inventory purchases. Also, on December 15, Middle Tennessee Company sells 18 units for S10 each Purchases on December Purchases on December 14 Purchases on December 21 units 36.00 cott 26 units 16.00 cost Required: Middle Tennessee Company uses a perpetual inventory system and the FIFO method. Complete the table below to determine the costs assigned to the December 31 ending inventory and December cost of goods sold Perpetua E: Cost of Goods Sold Goods Purchased Cost Per Goods Unir Purchased Wor Units Date Inventory Ban itors Coo of Unito Sold Cost Per Cost of Goode Sold December 7 December 14