Preparing a schedule of cost of goods sold and multistep and single- step income statements: Periodic system (Appendix) The following account titles and balances were taken from the adjusted trial balance of King Co. for 2018. The company uses the periodic inventory system.

Account title	Balance
Sales Return and allowances	3500
Miscellaneous Expense	900
Transportation- out	2200
Sales	156,300
Advertising Expense	6200
Salaries Expense	21000
Transportation-in	3800
Purchases	88000
Interest Expense	250
Merchandise inventory, January 1	11200
Rent Expense	12000
Merchandise inventory, December 31	10700
Purchase returns and allowances	2100
Loss on sale of land	3100
Utilities expense	1850
Required
A- Prepare a schedule to determine the amount of Cost of Goods sold
B- Prepare a Multistep income statement
C- Prepare a single-Step income statement

Please format answers similar to below

King Co. Schedule of Cost of Goods Sold For the Year Ended December 31, 2018 Beginning Merchandise Inventory$ Cost of Goods Available for Sale Less: Ending Merchandise Inventory Cost of Goods Sold