The following account titles and balances were taken from the adjusted trial balance of King Co. for Year 2 . The company uses the periodic inventory system. Required a. Prepare a schedule to determine the amount of cost of goods sold. b. Prepare a multistep income statement. c. Prepare a single-step income statement. Complete this question by entering your answers in the tabs below. Prepare a schedule to determine the amount of cost of goods sold. (Amounts to be deducted should be indicated with minus sign.) Prepare a multistep income statement. Complete this question by entering your answers in the tabs below. Prepare a single-step income statement
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