Use the following adjusted trial balance and additional information to complete the requirements: Page 340 Paddle Boards Inc. Adjustad Tal Balance December 31, 2017 Cash Merchandise inventory. Store supplies. Equipment Accounts payable. Salaries payable... $ 19.300 50.000 1.000 44,600 Accumulated depreciation, equipment. $16.500 8.000 1.000 Dee Rizzo, capital Dee Rizzo, withdrawals. 64.000 8.000 Interest income. 300 Sales 325.000 Sales discounts. 6.000 Sales retums and allowances. 5.000 Cost of goods sold 148.000 Depreciation expense, store equipment. 4,000 Depreciation expense, office equipment. 1.500 Sales salarios expense. 28.000 Office salaries oxpense. 32.000 Insurance expense. 12,000 Rent expense (70% is store, 30% is office). 24,000 Store supplies expense. 6.000 Advertising expense... 30,400 $414800 $419,800 Totals 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. Purchase discounts.. Purchase returns and allowances Transportation-in $140,000 3,500 2,600 4,000 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