Cost of Goods Sold and Income Statement Schuch Company presents you with the following account balances taken from its December 31, 2016, adjusted trial balance: Additional data: 1. A physical count reveals an ending inventory of $22,500 on December 31,2016 . 2. Twenty-five thousand shares of common stock have been outstanding the entire year. 3. The income tax rath is 30% on all items of income. Required: 1. Prepare a separate schedule for Schuch's cost of goods sold. 3. Prepare a 2016 single-step income statement. Round earnings per share computations to the nearest cent. 2. Prepare a 2016 multiple-step income statement. Round earnings per share computations to the nearest cent