un X University of a Week 2 - ACCG Grammarly: F a Demo docum + 32990/cfi/256/4/4@0.00:51.9 Store supplies expense ... Advertising expense Office salaries expense... Rent expense-Office space ...... Office supplies expense. Totals 1.500 13,000 28,500 3.600 400 $355,150 $355.150 On August 31, 2014, merchandise inventory was $25,400. Supplementary records of merchandising activities for the year ended August 31, 2015, reveal the following itemized costs. Invoice cost of merchandise purchases ..... Purchase discounts received Purchase returns and allowances... Costs of transportation-in.. $92.000 2.000 4.500 4,600 0,100 ross profit. income 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 selling expenses and for general and administrative expenses. 4. Prepare a single-step income statement that includes these expense categories: cost of goods sold, sell ing expenses, and general and administrative expenses. tal expenses. 6 Aa (1) - 4 10/20