32 of stion Presented below is the adjusted trial balance of Katie's Pet Supplies as at its fiscal year end, June 30, 2017. All accounts are their normal balance (debit or credit). Katie's uses the perpetual inventory system. Accounts payable..... $ 34,850 K. Milani, Capital.......... $ 50,770 Accounts receivable... ... 27,300 K. Milani, Drawings... 24,000 Accum. depreciation, computers....... 1,500 Long-term note receivable...... 14,000 Accum. depreciation, equipment....... 32,000 Merchandise inventory............ 55,000 Advertising expense.. 3,200 Note payable, due 2018.......... 47,000 Cash..... 9.500 Prepaid rent..... 1,500 Computers... 4,500 Rent expense.. 14,000 Cost of goods sold. .... 195.000 Salaries expense.. 46,800 Depreciation Expense.. Salaries payable................... 6,200 Equipment........ 80,000 Sales discounts. 100 Freight-out expense. 6,200 Sales returns and allowances. 1,000 Insurance expense.. 2,200 Sales revenue.. 320,000 Interest expense.. 2,350 Supplies... 900 Interest payable... 280 Supplies expense. 1,750 Interest revenue. 700 ****.. 4,000 Instructions Prepare a multiple step income statement