Please do parts A-D.

The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: 1. Inventory that had cost $16.200 was sold for $25,920 under terms 2/20, net/30. 2. Customers returned merchandise to Ozark five days after the purchase. The merchandise had been sold for a price of $624. The merchandise had cost Ozark $480. 3. All customers paid their accounts within the discount period. 4. Selling and administrative expenses amounted to $2,592 5. Interest expense paid amounted to $220. 6. Land that had cost 56,200 was sold for $7.750 cash. Required a. Determine the amount of net sales. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Net sales b. Prepare a multistep income statement. (Round your intermediate calculations and final answer to the nearest whole dollar amount. Amounts to be deducted and losses should be indicated with a minus sign.) OZARK MERCHANDISERS Income Statement For the year ended December 31, Year 1 b. Prepare a multistep income statement. (Round your intermediate calculations and final answer to the nearest whole dollar amount. Amounts to be deducted and losses should be indicated with a minus sign.) OZARK MERCHANDISERS Income Statement For the year ended December 31, Year 1 Operating expenses Non-operating items c. Where would the interest expense be shown on the statement of cash flows? Operating activities Investing activities O Financing activities d. How would the sale of the land be shown on the statement of cash flows? The full sales price of the land, $7750, would be shown as a cash inflow from financing activities on the statement of cash flows: The full sales price of the land, $7750, would be shown as a cash inflow from investing activities on the statement of cash flows The full sales price of the land, $7750, would be shown as a cash inflow from operating activities on the statement of cash flows