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supplies expense, and advertising expense. It categorizes the remaining expenses as general and administrative. Beginning merchandise inventory was $27,035. Supplementary records of merchandising activitiesfor the

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supplies expense, and advertising expense. It categorizes the remaining expenses as general and administrative. Beginning merchandise inventory was $27,035. Supplementary records of merchandising activitiesfor the year ended August 31 reveal the following itemized costs. Required: 1. Compute the company's net sales for the year. Prepare a single-step income statement that includes these expense categories: cost of goods soid, selling experises, and general and administrative expenses

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