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Carmen Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2024: E (Click the icon to view the accounts and balances.) Prepare Carmen Communications' multi-step income statement for the year ended July 31, 2024. (Use a minus sign or parentheses to show other expenses.) Carmen Communications Income Statement Year Ended July 31, 2024 Carmen Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 20245 (Click the icon to view the accounts and balances.) Prepare Carmen Communications' multi-step income statement for the year ended July 31, 2024. (Use a minus sign or parentheses to show other expenses.) Net Income (Loss) X Data table Cash $ 3,400 Cost of Goods Sold $ 18,800 1,900 Equipment, net 13,000 Selling Expenses Accounts Payable 5,200 Salaries Payable 1,700 Common Stock 5,050 Net Sales Revenue 29,400 1,500 Accounts Receivable 2,700 Notes Payable, long-term Merchandise Inventory 600 Interest Expense 50 Administrative Expenses 3,600 Refunds Payable 500 200 Estimated Returns Inventory 900 Sales Discounts Forfeited ho Carmen Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2024: (Click the icon to view the accounts and balances.) Prepare Carmen Communications' multi-step income statement for the year ended July 31, 2024. (Use a minus sign or parentheses to show other expenses.) COO Carmen Communications Income Statement Year Ended July 31, 2024 X Data table $ Cash Cost of Goods Sold 3,400 $ 18,800 1.900 Equipment, net Selling Expenses Accounts Payable 13,000 1.700 5,200 Salaries Payable 5,050 Common Stock Net Sales Revenue 29.400 1,500 Notes Payable, long-term 2.700 Accounts Receivable Merchandise Inventory 600 50 Interest Expense 500 Administrative Expenses 3.600 Refunds Payable Estimated Returns Inventory 900 Sales Discounts Forfeited 200