Textbook Problem

Cost of Goods Sold, Income Statement. and Statement of Comprehensive Income Gaskin Company derives the following items from its adjusted trial balance as of December 31, 2019:

The following; additional information is also available. The December 31, 2019, ending inventory is $14,700. During 2019, 4,200 shares of'common stock were outstanding the entire year. The income tax rate а 30% on all items of income.

Required:

1. 1. As a supporting document for Requirements 2 and 3, prepare a separate schedule for Gaskin’s cost of goods sold.
2. 2. Prepare a 2019 single-step income statement.
3. 3. Prepare a 2019 multiple-step income statement.
4. 4. Prepare a 2019 statement of comprehensive income.