G B. D E F H Use the following adjusted trial balance and additional information to complete the requirements: 1 2. 4 6 9 15,400 8,950 1,200 68,000 3 Company XYZ Adjusted Trial Balance 5 December 31, 2020 Cash 19,200 7 Merchandise Inventory 51,000 8 Store Supplies 950 Equipment 43,500 10 Accumulated depreciation, equipment 11 Accounts payable 12 Salaries payable 13 Claire Smith, Capital 14 Claire Smith, Withdrawals 7,000 15 Interest Income 16 Sales 17 Sales Discounts 6,100 18 Sales Returns and Allowances 4,000 19 Cost of Goods Sold 150,000 20 Depreciation expense, store equipment 3,850 21 Depreciation expense, office equipment 1,600 22 Sales salaries expense 28,300 23 Office salaries expense 29,800 24 Insurance expense 13,500 25 Rent expense (70% is store, 30% is office) 27,000 26 Store supplies expense 5,750 27 Advertising expense 28,400 28 Totals 419,950 29 400 326,000 419,950 30 Company XYZ showed the following additional information regarding merchandising activities for 2020: 31 32 Invoice cost of merchandise purchases 137,000 33 Purchase discounts 2,600 34 Purchase returns and allowances 3,200 35 Transportation - in 3,950 86 37 1. Use the additional information to calculate the total cost of merchandise purchases 8 2. Prepare a 2020 classified multi-step income statement for internal use. (Use the example in your text book) 59 3. Present a single step income statement for 2020. (Use the example in the textbook) 4. Calculate the gross profit ratio for Company XYZ, round to 2 decimal places. 1 0 2