The following Information was drawn from the Year 1 accounting records of Ozark Merchandisers. 1. Inventory that had cost $25,800 was sold for $43,860 under terms 220, net 30. 2 Customers returned merchandise to Ozark five days after the purchase. The merchandise had been sold for a price of $1.848. The merchandise had cost Ozark $1120 3. All customers paid thetr accounts within the discount period. 4. Selling and administrative expenses amounted to $4,386. 5. Interest expense pald amounted to $390, 6. Land that had cost $7,800 was sold for $10.530 cash Required 6. Determine the amount of net sales. b. Prepare a multstep Income statement c. Where would the interest expense be shown on the statement of cash flows? d. How would the sale of the land be shown on the statement of cash flows? Complete this question by entering your answers in the tabs below. Reg A Reg B ReqC and D Determine the amount of net sales. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Net soles RegB> OZARK MERCHANDISERS Income Statement For the year ended December 31, Year 1 . Operating expenses 00 CENTAR Non-operating items Complete this question by entering your answers in the tabs below. Req A ReqB Reg Cand D c. Where would the interest expense be shown on the statement of cash flows? d. How would the sale of the land be shown on the statement of cash flows? c. Where is interest expense shown? d. How is the sale of land shown? ReqB