please help!!! Valley Company's adjusted account balances from its general ledger 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, and advertising expense. It categorizes the remaining expenses as general and administrative. Adjusted Account Balances Merchandise inventory (ending) Other (non-inventory) assets Total liabilities K. Valley, Capital K. Valley, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense Office salaries expense Rent expense-Office space office supplies expense Totals Debit $ 43,000 172,000 8,000 4,500 19,412 113,298 40,294 13,824 3,529 25,000 36,765 3,529 1,176 $ 484,327 Invoice cost of merchandise purchases Purchases discounts received Purchases returns and allowances Costs of transportation-in Credit $ 49,665 140,542 294,120 484,327 Beginning merchandise inventory was $34,701. Supplementary records of merchandising activities for the year ended August 31 reveal the following itemized costs. $ 126,420 2,655 6,068 3,900

Valley Company's adjusted account balances from its general ledger on August 31 , its fiscal yearend, follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expense-selling space, store supplies expense, and advertising expense. It categorizes the remaining expenses as general and administrative. Beginning merchandise inventory was $34,701. Supplementary records of merchandising activities for the year ended August 31 reveal the following itemized costs. Compute the company's net sales for the year. Compute the company's total cost of merchandise purchased for the year. Dranama - mikist. Prepare a single-step income statement that includes these expense categories general and administrative expenses. Valley Company's adjusted account balances from its general ledger on August 31 , its fiscal yearend, follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expense-selling space, store supplies expense, and advertising expense. It categorizes the remaining expenses as general and administrative. Beginning merchandise inventory was $34,701. Supplementary records of merchandising activities for the year ended August 31 reveal the following itemized costs. Compute the company's net sales for the year. Compute the company's total cost of merchandise purchased for the year. Dranama - mikist. Prepare a single-step income statement that includes these expense categories general and administrative expenses