Efficient Office Systems uses a perpetual inventory system. The adjusted trial balance of Efficient Office Systems at March 31, 2025, follows: View the adjusted frial balance. Prepare Efficient Office Systems' single-step income statement for the year ended March 31, 2025. Efficient Office Systems Income Statement Year Ended March 31, 2025 I Net Income (Loss) I;I Efficient Office Systems Adjusted Trial Balance March 31, 2025 Balance Account Title Debit Credit Cash 3,800 Accounts Receivable 13,200 Merchandise Inventory 30,300 Supplies 6,200 Equipment 42,400 Accumulated Depreciation-Equipment $ 14,000 Accounts Payable 6,200 Salaries Payable 1,500 Notes Payable, long-term 8,100 Common Stock 19,000 Retained Earnings 7,450 Dividends 42,500 Sales Revenue 235,000 Sales Returns and Allowances 2,400 Sales Discounts 200 Cost of Goods Sold 105,750 Selling Expense 27,000 Administrative Expense 14,900 Interest Expense 2,600 Total 291,250 $ 291,250