Discount Office Systems uses a perpetual inventory system. The adjusted trial balance of Discount Office Systems...

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Discount Office Systems uses a perpetual inventory system. The adjusted trial balance of Discount Office Systems at March 31, 2024, follows (Click the icon to view the adjusted trial balance.) Prepare Discount'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) Discount Office Systems Income Statement Year Ended March 31, 2024 C Data table Balance Account Title Debit Credit Cash $ 4,200 Accounts Receivable 13,200 Merchandise Inventory 30,100 Estimated Returns Inventory 1,400 Office Supplies 6,700 Equipment 42,100 Accumulated Depreciation-Equipment Accounts Payable $ 13,300 6,800 Refunds Payable 1.800 12 Salaries Payable 550 Notes Payable, long-term 7,600 Common Stock 20,000 Retained Earnings 100 Dividends 42,500 Sales Revenue 241,000 Sales Discounts Forfeited 1,200 Cost of Goods Sold 108,450 Selling Expense 27,500 Administrative Expense 14,300 1,900 Interest Expense $ 292,350 $ 292,350 Total Print Done - X Discount Office Systems uses a perpetual inventory system. The adjusted trial balance of Discount Office Systems at March 31, 2024, follows (Click the icon to view the adjusted trial balance.) Prepare Discount'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) Discount Office Systems Income Statement Year Ended March 31, 2024 C Data table Balance Account Title Debit Credit Cash $ 4,200 Accounts Receivable 13,200 Merchandise Inventory 30,100 Estimated Returns Inventory 1,400 Office Supplies 6,700 Equipment 42,100 Accumulated Depreciation-Equipment Accounts Payable $ 13,300 6,800 Refunds Payable 1.800 12 Salaries Payable 550 Notes Payable, long-term 7,600 Common Stock 20,000 Retained Earnings 100 Dividends 42,500 Sales Revenue 241,000 Sales Discounts Forfeited 1,200 Cost of Goods Sold 108,450 Selling Expense 27,500 Administrative Expense 14,300 1,900 Interest Expense $ 292,350 $ 292,350 Total Print Done - X