Camilia Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2024: (Click the icon to view the accounts and balances.) Prepare Camilia Communications' multi-step income statement for the year ended July 31, 2024. (Use a minus sign or parentheses to show other expenses.) Net Income (Loss) Camilia Communications Income Statement Year Ended July 31, 2024 Data table Cash 2,900 Selling Expenses 1,400 Cost of Goods Sold Equipment, net $ 18,700 9,500 Accounts Payable 4,300 Salaries Payable 1,200 Common Stock 4,365 Net Sales Revenue 28,450 Notes Payable, long-term 500 Accounts Receivable 3,200 Merchandise Inventory 1,000 Interest Expense 65 Administrative Expenses 3,300 Refunds Payable 600 Estimated Returns Inventory 100 Sales Discounts Forfeited 750 Print Done -