Assigned Camilla Communications reported the following figures from its adjusted trial balance and from its multi-step income statement for its first year of business, which ended on July 31, 2018 (Click the icon to view the accounts and balances) (Click the icon to view the multi-step income statement) Read the requirements Liabilities Current Liabilities: Accounts Payable II III Chapter 5 LOS Try it Owner's Equity Data Table $ $ 18,700 9,500 Cash Selling Expenses Accounts Payable Camilia, Capital Notes Payable, long-term Merchandise Inventory Administrative Expenses 2,900 Cost of Goods Sold 1,400 Equipment, net 4,300 Accrued Liabilities 4,365 Net Sales Revenue 1,800 29,200 500 Accounts Receivable 3,200 W 65 1.100 Interest Expense 3,300 - X on Camilia Communications Income Statement Year Ended July 31, 2018 Net Sales Revenue $ Cost of Goods Sold 29,200 18,700 Gross Profit 10,500 $ 1,400 3,300 Operating Expenses Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses) Interest Expense 4,700 5,800 (65) Year Ended July 31, 2018 Net Sales Revenue Cost of Goods Sold $ 29,200 18,700 Gross Profit 10,500 Operating Expenses: Selling Expenses Administrative Expenses $ 1,400 3,300 4,700 Total Operating Expenses Operating Income Other Income and (Expenses) 5,800 Interest Expense (65) (65) Total Other Income and (Expenses) A 5,735 Net Income (Loss) Print Done