Use the following adjusted trial balance and additional information to complete the requirements: Page 340 $ 19.00 50.000 2.000 44.600 $16.500 8.000 2000 Pete Bea. Adjusta Thal Race December 1, 2017 Cash Merchandisentory Store supplies Equipment Accumulated depreciation equipment Accounts payable Salaries payable Doe Rizzo, capital Dee Rizo, withdrawal Interest income Sales Salos discounts Salos rotums and allowances Cost of goods sold Depreciation as posesor equipment Depreciation sponse, office on Sales sapins Office Sponse Insurance expense Rent expense (TOK is store, 30% is office Store supplies pense Advertising expense. Totals 64.000 8.000 300 325.000 6.000 5.000 148.000 4.000 1.500 28.000 32.000 12.000 24.000 6.000 30.400 5419800 1419.800 Purchase discounts 3,500 2,600 4.000 Click here for a description of Table: Demonstration Problem, Adjusted Trial Balance. Paddle Boards Inc. showed the following additional information regarding merchandising activities for 2017: Invoice cost of merchandise purchases $140,000 Purchase returns and allowances Transportation in Click here for a description of List: Demonstration Problem, additional information. Required 1. Use the additional information to calculate the total cost of merchandise purchases. 2. Prepare a 2017 classified, multiple-step income statement for internal use similar to Exhibit 5.13. 3. Present a single-step income statement for 2017 similar to the one in Exhibit 5.15