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 2/20, 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 their accounts within the discount period, 4. Selling and administrative expenses amounted to $4,386, 5. Interest expense paid amounted to $390, 6. Land that had cost $7,800 was sold for $10,530 cash, Required a. Determine the amount of net sales. b. Prepare a multistep 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. Rega Reg Hoa C and D Determine the amount of net sales. (Round your intermediate calculations and not answer to the nearest whole dolar amount) Net Reg B2 Prepare a multistep income statement. (Round your intermediate calculations and final answer to the nearest whole dollar amount. Amounts to be deducted and losses should be indicated with a minus sign.) OZARK MERCHANDISERS Income Statement For the year anded December 31, Year 1 Operating expenses Non operating items Complete this question by entering your answers in the tabs below. Reg Reg B 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 nows? c. Where is interest expense shown? How is the sale of land shown? is shown in