Bagley reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2020: (Click the icon to view the accounts and balances.) Prepare Bagley's multi-step income statement for the year ended July 31, 2020. (Use a minus sign or parentheses to show other expenses.) Net Income (Loss) Bagley Income Statement Year Ended July 31, 2020 Accounts Cash $ Selling Expenses 4,200 Cost of Goods Sold 1,100 Equipment, Net $ 19,600 13,500 Accounts Payable 5,100 Accrued Liabilities 1,500 C. Camilia, Capital 9,420 Net Sales Revenue 28,600 Note Payable, Long-term 400 Accounts Receivable 3,100 Inventory Administrative Expenses 1,000 Interest Expense 2,500 20 Print Done - X