Quality Office Systems uses a perpetual inventory system. The adjusted trial balance of Quality Office Systems at March 31, 2016, follows: E: (Click the icon to view the adjusted trial balance.) Prepare Quality Office's single-step income statement for the year ended March 31, 2016. Data table Quality Office Systems Income Statement Quality Office Systems Adjusted Trial Balance March 31, 2016 Year Ended March 31, 2016 Balance Account Title Debit Credit Cash $ 2,500 13,100 31,000 6,200 42,300 $ 13,000 Net Income (Loss) Accounts Receivable Merchandise Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Notes Payable, long-term Bingham, Capital Bingham, Withdrawals Sales Revenue 9,700 1,050 7,900 12,950 45,000 237,000 Quality Office Systems uses a perpetual inventory system. The adjusted trial balance of Quality Office Systems at March 31, 2016, follows: (Click the icon to view the adjusted trial balance.) x Prepare Quality Office's single-step income statement for the year ended March 31, 2016. Data table 31,000 Quality Office Systems Income Statement Year Ended March 31, 2016 6,200 42,300 $ 13,000 9,700 Merchandise Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Notes Payable, long-term Bingham, Capital Bingham, Withdrawals Sales Revenue 1,050 7,900 12,950 45,000 237,000 900 Sales Returns and Allowances Sales Discounts Net Income (Loss) 1,200 94,800 Cost of Goods Sold Selling Expense Administrative Expense 27,700 14,500 2,400 Interest Expense $ 281,600 $ 281,600 Total