Required: Prepare the cost of goods sold section of a muitiple-step income statement. Amount Descriptions and Accounts Amount Descriptions and Accounts Cost of goods purchased Cost of goods sold Goods available for sale Estimated returns inventory. December 31, 20-- Estimated returns inventory, January 1, 20-- Freight-in Merchandise inventory. December 31, 20-- Merchandise inventory, January 1, 20-- Net purchases Purchases Purchases discounts Purchases returns and allowances Prepare the cost of goods sold section of a muitiple-step income statement