Cost of Goods Sold, Income Statement, and Statement of Comprehensive Income Gaskin Company derives the following items from its adjusted trial balance as of December 31, 2019: Sales $148,000 Interest revenue $3,300 Purchases returns 5,200 Purchases discounts taken i 2,700 Gain on sale of equipment (pretax) Freight-in 3,800 Inventory, January 1, 2019 12,800 3,400 Purchases 89,700 Selling expenses 15,600 Administrative expenses 24,500 Unrealized increase in fair value of Loss from truck accident (pretax) 6,500 2,400 available-for-sale securities The following additional information is also available. 1. The December 31, 2019, ending inventory is $14,700. 2. During 2019, 4,200 shares of common stock were outstanding the entire year. 3. The income tax rate is 30% on all items of income. Required: 1. Prepare a separate schedule for Gaskin's cost of goods sold. GASKIN COMPANY Schedule 1: Cost of Goods Sold For Year Ended December 31, 2019 2. Prepare a 2019 single-step income statement. Disregard EPS disclosure. GASKIN COMPANY Income Statement (Single-Step) For Year Ended December 31, 2019 Revenues Total revenues Expenses Total expenses 3. Prepare a 2019 multiple-step income statement. Disregard EPS disclosure. GASKIN COMPANY Income Statement (Multi-Step) For Year Ended December 31, 2019 Operating expenses Total operating expenses Other items 4. Prepare a 2019 statement of comprehensive income. GASKIN COMPANY Statement of Comprehensive Income For Year Ended December 31, 2019 4. Prepare a 2019 statement of comprehensive income. GASKIN COMPANY Statement of Comprehensive Income For Year Ended December 31, 2019 Other comprehensive income