ue # 3. The following account titles and balances were taken from the trial balance of Neloy Sales Company. The Company uses the periodic inventory method. Account Title Advertising Expense Depreciation Expense Income Taxes Interest Expense Amount $12,800 Rent Expense 14,000 3,000 Salary Expense 53,000 10,700 Sales Revenue 290,000 5,000 Sales Discounts 13,500 Merchandize Inventory, January 1 Merchandize Inventory, Dec. 31 18,000 Sales Return and Allowances. 8,000 20,100 Transportation-in 5,500 Miscellaneous Expense 800 Transportation-out 10,800 Purchases 130,000 Purchase Return and 2,700 Allowances Required: 1. Prepare a Schedule of Cost of Goods Sold. 2. Prepare a Multistep Income Statement (3+4)=7