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Budget Office Systems uses a perpetual inventory system. The adjusted trial balance of Budget Office Systems at March 31, 2018, follows: Click the icon to

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Budget Office Systems uses a perpetual inventory system. The adjusted trial balance of Budget Office Systems at March 31, 2018, follows: Click the icon to view the adjusted trial balance.) Prepare Budget's multi-step Income statement for the year ended March 31, 2018. (Use a minus sign or parentheses to show other expenses.) Data Table March 31, 2018 Account Title Balance Debit Credit 3.900 13.900 $ Cash Accounts Receivable Merchandise Inventory Office Supplies Equipment Accumulated Depreciation Equipment 31,900 6.900 43,100 question 13,400 5 of 5 (4 complete) i Data Table - X 13,400 Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Notes Payable, long-term 9,600 1,000 7,800 Common Stock 15,000 Retained Earnings 1,300 Dividends 42,500 Sales Revenue 232,000 Cost of Goods Sold Selling Expense Administrative Expense 92,800 27,700 Interest Expense 14,700 2,700 Total 280,100 $ 280,100 (Use a minus sig Year Ended March 31, 2018 Net Sales Revenue Cost of Goods Sold 232,000 92,800 Gross Profit 139,200 Operating Expenses: Administrative Expense Selling Expense 14,700 27,700 42400 Total Operating Expenses Operating Income Other Income and (Expenses): Net Income (Loss)

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