Business Markdown Systems uses a perpetual inventory system. The adjusted trial balance of Business Markdown Systems at March 31, 2024, follows: (Click the icon to view the adjusted trial balance.) Prepare Business's multi-step income statement for the year ended March 31, 2024. (Use a minus sign or parentheses to show other expenses.) Business Markdown Systems Income Statement Year Ended March 31, 2024 Net Income (LOSS Data Table Business Markdown Systems Adjusted Trial Balance March 31, 2024 Balance Account Title Debit Credit Cash $ 4,200 Accounts Receivable 13,400 30,100 Merchandise Inventory Estimated Returns Inventory Office Supplies 1,200 Equipment Accumulated Depreciation-Equipment 6,900 42,800 $ 13,700 6,800 Accounts Payable Refunds Payable 2,000 ar Accounts Payable 6,800 2,000 Refunds Payable Salaries Payable Notes Payable, long-term 600 8,500 Common Stock 24,000 Retained Earnings 100 Dividends 44,000 Sales Revenue 238,000 400 107,100 Sales Discounts Forfeited Cost of Goods Sold Selling Expen Administrative Expense Interest Expense 27,200 14,500 2,700 294,100 $ 294,100 Total