2. Rose Apothecary's adjusted trial balance on February 28, 20XX, its fiscal year-end, is provided below. Rose Apothecary Adjusted Trial Balance February 28, 20XX Account Debit Credit Cash 24,000 Inventory Property, Plant, and Equipment Accounts Payable 35,000 120,000 10,500 Notes Payable 28,100 Common Stock 2,000 Additional Paid-in Capital 6,000 Retained Earnings 90,550 Dividends 8,000 Sales 230,000 Sales Discounts 6,000 Sales Returns and Allowances 10,000 Cost of Goods Sold 75,000 Sales Commission Expense 34,000 Utilities Expense 7,000 Store Supplies 2,000 Advertising Expense 12,250 Salaries Expense 29,000 Rent Expense 4,000 Office Supplies Expense 900 Gain on Sale 500 Interest Expense 500 Totals $367,650 $367,650 Prepare a multi-step income statement for Rose Apothecary for the year ended February28, 20XX using the above information. Assume a tax rate of 22%. Calculate Net Sales for the year: Sales Net Sales Net Sales Operating Expenses Total Operating Expenses Income from Operations Other Revenues and Gains Other Expenses and Losses Income Before Income Taxes Income Tax Expense Net Income (check figure $38,883)