Data table Budget Office Systems bein Adjusted Trial Balance March 31, 2024 Balance Account Title Debit Credit Cash 3,900 Accounts Receivable 13,600 Merchandise Inventory 30,900 Estimated Returns Inventory 1,200 Office Supplies 7,000 Equipment 42,100 Accumulated Depreciation-Equipment Accounts Payable 13,600 6,800 Refunds Payable Salaries Payable 2,400 550 Notes Payable, long-term 7,900 Common Stock 15,000 Retained Earnings 6,950 Dividends 41,000 Sales Revenue Sales Discounts Forfeited 236,000 1,100 Print Done Budget Office Systems uses a perpetual inventory system. The adjusted trial balance of Budget Office Systems at March 31, 2024, follows: Click the icon to view the adjusted trial balance.) Prepare Budget's multi-step income statement for the year ended March 31, 2024. (Use a minus sign or parentheses to show other expenses.) Net Income (Loss) Budget Office Systems Income Statement Year Ended March 31, 2024 Merchandise Inventory 30,900 Estimated Returns Inventory 1,200 Office Supplies 7,000 Equipment 42,100 Accumulated Depreciation-Equipment 13,600 Accounts Payable Refunds Payable Salaries Payable 6,800 2,400 550 Notes Payable, long-term 7,900 Common Stock 15,000 Retained Earnings 6,950 Dividends 41,000 Sales Revenue 236,000 Sales Discounts Forfeited 1,100 Cost of Goods Sold 106,200 Selling Expense 27,500 Administrative Expense Interest Expense Total 14,800 2,100 $ 290,300 $ 290,300 P Print Done