Microsoft Word - BUS 200 SEC X Microsoft Word - BUS 200 Sprin x Course Materials - 2020 Spring X SecondExamACC12 bbcswebdav/pid-46294305-dt-content-rid-375707747.1/courses/BMC01. ACC,122 0800 1202.1/SecondExamACC12228129.de doc Unsaved changes Edits will not be automatically saved Save now mal - Times New.... 12. BIUA . A. E ED Purchases Discounts Sales Sales Returns & Allowances Total Selling Expenses Total Administrative Expenses Withers, Capital Withers, Withdrawals $12,000 $566,000 36,000 $92,000 $43,000 $660,000 $100,000 REQUIRED: 1) Prepare the multiple-step income statement under the Periodic System (the way we did in class). Highlight Nets Sales, Cost of Goods Sold, Gross Margin, and Net Income. 2) Prepare the necessary closing entries. Microsoft Word - BUS 200 SEC X Microsoft Word - BUS 200 Sprin x Course Materials - 2020 Spring X SecondExamACC12 bbcswebdav/pid-46294305-dt-content-rid-375707747.1/courses/BMC01. ACC,122 0800 1202.1/SecondExamACC12228129.de doc Unsaved changes Edits will not be automatically saved Save now mal - Times New.... 12. BIUA . A. E ED Purchases Discounts Sales Sales Returns & Allowances Total Selling Expenses Total Administrative Expenses Withers, Capital Withers, Withdrawals $12,000 $566,000 36,000 $92,000 $43,000 $660,000 $100,000 REQUIRED: 1) Prepare the multiple-step income statement under the Periodic System (the way we did in class). Highlight Nets Sales, Cost of Goods Sold, Gross Margin, and Net Income. 2) Prepare the necessary closing entries