Required:1. Compute the company??s net sales for theyear.2. Compute the company??s total cost of merchandisepurchased for the year.3. Prepare a multiple-step income statement thatincludes sepa

Required:1. Compute the companyâ??s net sales for theyear.2. Compute the companyâ??s total cost of merchandisepurchased for the year.3. Prepare a multiple-step income statement thatincludes sepa Valley Company's adjusted trial balance on August 31, its fiscal year-end, follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expense-selling space, store 2 answers