The following account titles and balances were taken from the trial balance of Neloy Sales Company. The Company uses the periodic inventory method. Account Title Amount Adve1tising Expense $12,800 Rent Expense 14,000 Depreciation Expense 3,000 Sala1y Expense 53,000 Income Taxes 10,700 Sales Revenue 290,000 Interest Expense 5,000 Sales Discounts 13,500 Merchandize Invento1y, January 1 18,000 Sales Return and Allowances 8,000 Merchandize Invento1y, Dec. 31 20,100 Transportation-in 5,500 Miscellaneous Expense 800 Transportation-out 10,800 Purchases 130,000 Purchase Return and Allowances 2,700 Required: Prepare a Schedule of Cost of Goods Sold. Prepare a Multi.step Income Statement