interest Gross profile Required: presents you with the following account balances $3,500 4,000 2,000 7,000 5,000 . Next Level Trovide the missing amounts for the blanks labeled (a) through (t). A red. (Hint: It is not necessary to calculate your answers in alphabetical order.) Cost of Goods Sold and Income Income Statement Schuch Company presents you with the following acco en from its December 31, 2016, adjusted trial balance: Inventory, January 1, 2016 $ 43,000 Purchases rolumns 35,000 Interest expense 100,000 Sales discounts taken 250,000 Gain on sale of property (prelax) General and administrative expenses Freightin Additional data: A physical count reveals an ending inventory of $22,500 on December 31, 2016. Twenty-five thousand shares of common stock have been outstanding the entire year. 3. The income tax rate is 30% on all items of income. Selling expenses Purchases Sales 22,000 Required: 1. As a supporting document for Requirements 2 and 3, prepare a separate schedule for Schuch's cost of goods sold. 7. Prepare a 2016 multiple-step income statement. 3. Prepare a 2016 single-step income statement. Tutinn O'Connor Company's income statement information for 2016 and 2017 (a sole