The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: 1. Inventory that had cost $16,200 was sold for $25,920 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 $624. The merchandise had cost Ozark $480. 3. All customers paid theirlaccounts within the discount period. 4. Selling and administrative expenses amounted to $2,592 5 Interest expense paid amounted to $220 6 . Land that had cost $6,200 was sold for $7,750cash 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 casn flows? d. How would the sale of the land be shown on the statement of cash flows