Exercise E5-12 15.12 LO 5.4 LO 57 Cost of Goods Sold, Income Statement, and Statement of Compuehensive Income Gaskin Company derne the following items from its adjusted trial balance as of December 31, 2016 Sales $139.000 Intere revenue $ 3,300 Purchases returns 5.200 Purchows discounts fokon 2.700 Goin on sale of equipment (prelax! 3,800 Inventory, January 1, 2016 12.100 Freighin 3.400 Puchos 89.700 Selling expenses 15,600 Administrative expen 24,200 Linnelid increasin lirwole of Low from accident pre 6,500 available fortale cu 2.400 The following additional information is also available. The December 31, 2016, ending inventory is $14,700. Due ing 2016, 4,200 shares of common mock were outstanding the entire year. The income tax rate 30% on all items of income Required: 1. As a supporting document for Requirements 2 and 3, prepare a separate schedule for Gaskin's cost of goods sold. 2. Prepare a 2016 single-step income statement. 3. Prepare a 2016 multiple step income statement. 4. Prepare a 2016 statement of comprehensive income