Help with what im missing an explanation would be nice as well thanks

Valley Company's adjusted trial balance on August 31, its fiscal year-end, follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expense-selling space, store supplies expense, advertising expense. It categorizes the remaining expenses as general and administrative. Beginning merchandise inventory was $32,280. Supplementary records of merchandising activities for the year ended August 31 reveal the following itemized costs. Requlred: 1. Compute the company's net sales for the year. 2. Compute the company's total cost of merchandise purchased for the year. 3. Prepare a multiple-step income statement that Includes separate categorles for net sales, cost of goods sold, selling expenses, and general and administrative expenses. 4. Prepare a single-step Income statement that includes these expense categorles: cost of goods sold, selling expenses, and general and administrative expenses. Answer is not complete. Complete this question by entering your answers in the tabs below. Compute the company's net sales for the year. Compute the company's total cost of merchandise purchased for the year. Prepare a multiple-step income statement that includes separate categories for net sales, cost of goods sold, selling expen: and neneral and adminictrative exnencea x Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a single-step income statement that includes these expense categories: cost of goods sold, selling expenses, and general and administrative expenses