Budget Business Systems Income Statement Year Ended March 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Selling Expense Administrative Expense Total Operating Expenses Operating Income Other Income and (Expenses) Interest Expense Prepare Budget's multi-step income statement for the year ended March 31, 2018. (Use a minus Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Selling Expense Administrative Expense Total Operating Expenses Operating Income Other Income and (Expenses) Interest Expense Total Other Income and (Expenses) Net Income (Loss) hormone Budget Business Systems Adjusted Trial Balance March 31, 2018 Balance Account Title Debit Credit Cash 5 3.600 Accounts Receivable 13.000 Merchandise Inventory 32 000 42.000 Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable $ 13. 100 9 400 550 Print Dono 42.000 US 13.100 Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Notes Payable, long-term 9.400 550 8.300 Murray, Capital 20.200 Murray, Withdrawals 40.000 Sales Revenue 235.000 Cost of Goods Sold 105.750 26.600 Selling Expense Administrative Expense 14 600 1.900 Interest Expense 286.550 S 286,550 Total