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Camilia Communications reported the following figures from its adjusted trial balance for its first year ofbusiness, which ended on July 31. 2018. Prepare Camilia Communications's

Camilia Communications reported the following figures from its adjusted trial balance for its first year ofbusiness, which ended on July 31. 2018.

Prepare Camilia Communications's multi-step income statement for the year ended July 31, 2018

Cash $2,900 Cost of Goods Sold $18,700
Selling Expenses 1,400 Equipment, net 9,500
Accounts Payable 4,300 Accrued Liabilities 1,800
Common Stock 4,365 Net Sales Revenue 29,200
Notes Payable, long-term 500 Accounts Receivable 3,200
Merchandise Inventory 1,100 Interest Expense 65
Administrative Expenses 3,300

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