I need some help with my accounting Homework

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.

Required: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 multiple-step income statement that includes separate categories for net sales, cost of goods sold, selling expenses, and general and administrative expenses.

4. Prepare single-step income statement that includes these expense categories: cost of goods sold, selling expenses, and general and administrative expenses.

Debit Credit Merchandise inventory (ending) 5 39,000 Other (noninventory) assets 156,000 Total liabilities S 45,045 K. Valley, Capital 128,576 K. Valley, Withdrawals 8,000 Sales 266,760 Sales discounts 4,081 Sales returns and allowances 17,606 Cost of goods sold 103,121 Sales salaries expense 36,546 Rent expenseASelling space 12,538 Store supplies expense 3,201 Advertising expense 22,675 Office salaries expense 33,345 Rent expenseOffice space 3,201 Office supplies expense 1,06? Totals $440,381 $440,381 Beginning merchandise inventory was $31,473. Supplementary records of merchandising activities for the year ended August 31 reveal the following itemized costs. Invoice cost of merchandise purchases $114,660 Purchases discounts received 2,408 Purchases returns and allowances 5,504 Costs of transportationin 3,900