Problem $4-27$B Prepare 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 accounting records of Hogan Sales Co$.$

at December $31,$ Year $2.$ The company uses the periodic inventory method.

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. a$.$

b$.$ Multistep income statement c$.$ Single$-$step income statement