THE STATEMENT IS THERE. THEN there is 4 required parts.

Valley Company's adjusted trial balance on August 31, 2017, its fiscal year-end, Credit Debit $ 36,000 144,000 $ 41,580 119,601 8,000 246, 240 Merchandise inventory Other (noninventory) assets Total liabilities K. Valley, Capital K. Valley, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense Office salaries expense Rent expense-Office space Office supplies expense Totals 3,767 16, 252 95,489 33, 735 11,573 2,955 20,930 30,780 2,955 985 $ 407,421 $ 407, 421 On August 31, 2016, merchandise inventory was $29,052. Supplementary records August 31, 2017, reveal the following itemized costs. Invoice cost of merchandise purchases Purchases discounts received Purchases returns and allowances Costs of transportation-in $ 105,840 2,223 5,080 3,900 Required: 1. Compute the company's net sales for the year. 2. Compute the company's total cost of merchandise purchased for the year 3. Prepare a multiple-step income statement that includes separate categories for net sales, cost of goods gold, selling expenses, and general and administrative expenses. 4. Prepare a single-step income statement that includes these expense categories: cost of goods sold, selling expenses, and general and administrative expenses. Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Required 4 Compute the company's net sales for the year. Net Sales Sales Net sales Required 1 Required 2 > Complete this questions by entering Required 1 Required 2 Required 3 Required 4 Compute the company's total cost of merchandise purchased Cost of merchandise purchased Invoice cost of merchandise purchased Purchase discounts received Purchase returns and allowances Costs of transportation-in Total cost of merchandise purchased