Income statements calculations and format Merchandise inventory Other assets Liaibilities Reena Excel, capital Reena Excel, withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expenses Rent expenses, selling space Store supplies expenses Advertising expenses Office salaries expenses Rent expenses, office space Office suppliesexpenses Totals Debit 21 000,00 385 200,00 48 000,00 9 750,00 42 000,00 296 000,00 87 000,00 30 000,00 7 500,00 54 000,00 79 500,00 17 800,00 Credit 105 000,00 339 150,00 636 000,00 2400,00 1080 150,00 1080 150,00 a) Calculate net sales b) Prepare a classified multi step income statement that lists company net sales, cost of goods sold, gross profit as well as the components and amounts of selling expenses and general and administrative expenses.