Help me part 3 and 4 please...

Part III - Multiple-Step Income Statement (15 points) Below is a partial listing of the adjusted account balances of Yates Co. at year-end on December 31, 2018 Cost of Goods Sold $212,000 Freight-out 7,000 Insurance expense 12,000 Salary expense 62,000 Rent expense 32,000 Sales discounts 8,000 Sales returns and allowances 17,000 Sales 370,000 Instructions: Using whatever data you believe appropriate, prepare a multiple-step income statement for Yates Co. for the year ended December 31, 2018. Assume a 25% a tax rate. Part IV - Periodic Inventories (15 points) Montel sells a snowboard, Spurt, that is popular with snowboard enthusiasts. Below is information relating to Montel purchases of Spurt snowboards during September. During the same month, 120 Spurt snowboards were sold. Montel uses a periodic inventory system Date Transaction Units Unit Cost Sept. 1 Inventory 20 $100 Sept. 12 Purchases 45 103 Purchases 20 Sept. 26 Purchases 50 105 Totals 135 Instructions: (a) Compute the ending inventory at September 30 using the FIFO and LIFO methods. Prove the amount allocated to cost of goods sold under each method. (b) For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. What do you notice about the answers you found for each method? 104 Sept. 19