Exercise 8 Use the following information to prepare a multiple-step income statement, including the revenue section and the cost of goods sold section, for Teena's Buddy Depot for the year ended December 31, 2017. P664,000 6,480 13,280 180,000 445,200 14,400 8,904 2,560 118,400 Sales Sales Returns and Allowances Sales Discounts Merchandise Inventory, Beginning Purchases Purchase Returns and Allowances Purchases Discounts Freight-in Merchandise Inventory, End Distribution Expenses Sales Salaries Expense Advertising Expense Administrative Expenses Office Salaries Expense Supplies Expenses Utilities Expense Insurance Expense Depreciation Expense - Building Depreciation Expense - Equipment 48,000 5,684 40,000 2,600 36,000 4,000 11,000 10,000 Exercise 6 Based on the information that follows, prepare the cost of goods sold section of a multiple. step income statement. Merchandise Inventory, Beginning Purchases Purchase Returns and Allowances Purchase Discounts Freight-in Merchandise Inventory, End P124,200 641,700 28,692 13,140 3,510 192,600 Exercise 7 Use the following information to prepare a multiple-step income statement, including the revenue section and the cost of goods section, for FipEly Office Supplies for the year ended December 31, 2017. Sales Sales Returns and Allowances Sales Discounts Merchandise Inventory, January 1, 2017 Purchases Purchase Returns and Allowances Purchases Discounts Freight-in Merchandise Inventory, December 31, 2017 Salaries Expense Supplies Expense Utilities Expense Insurance Expense Depreciation Expense - Equipment Miscellaneous Expense Rent Expense P1,485,400 13,800 21,660 265,000 980,000 21,800 19,600 7,500 332,500 238,000 9,000 70,000 10,000 31,000 7,200 49,800 Exercise 9 Based on the information that follows, prepare the multiple-step income statement of Jean Riory's Trading for year ended October 31, 2017 1,100,00 32,500 40,000 70,000 40,000 562,500 33,750 11,250 6,000 3,000 1,500 1,200 Sales Sales Returns and Allowances Sales Discount Merchandise Inventory, Beginning Merchandise Inventory, End Purchases Purchase Returns and Allowances Purchase Discount Freight-in Discount Lost Loss on Sale of Equipment Interest Expense Distribution Expenses Store Utilities Expense Advertising Expense Store Salaries Expense Depreciation Expense-Store Furniture and Fixtures Administrative Expenses Office Salaries Expense Depreciation Expense - Office Furniture and Fixtures Supplies Expense Rent Expense Bad Debts Expense Office Utilities Expense 100,000 150,000 17,000 6,000 11,250 3,000 2,000 22,000 4,500 18,750