The following selected account data is taken from the records of Reese Industries for 2019. Assume the perpetuat inventory Sales $642,363 Merchandise Inventory S78,620 Sales Discounts 58,000 Interest Expense 3,877 Sales Returns and Allowances 90,232 Interest Revenue 10,268 Cost of Goods Sold 224,598 Rent Expense 15,100 Depreciation Expense-Office Equipment 3,400 Insurance Expense 2,450 Advertising Expense 12,800 Accounts Receivable 100,440 Office Supplies Expense 1,600 Rent Revenue 23,660 Sales Salaries Expense 30,410 Accounts Payable 137,404 Common Stock 59,419 Marketing Expense 31,000 A. Use the data provided to compute net sales for 2019. 8. Prepare a simple income statement for the year ended December 31, 2019. Reese Industries Simple Income Statement For Year Ended December 31, 2019 Revenues: Rent Revenue Interest Revenue Total Revenues Expenses: Total Expenses C. Compute the gross margin for 2019. D. Prepare a multi-step income statement for the year ended December 31, 2019 Reese Industries Multi-step Income Statement For Year Ended December 31, 2019 Operating Expenses Selling Expenses Total Selling Expenses General and Administrative Expenses I Total General and Administrative Expenses Tour Operating Expenses Income from Operations oh Revenue and Expenses