Carmen Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2018: (Click the icon to view the accounts and balances.) Prepare Carmen Communications's multi-step income statement for the year ended July 31, 2018. (Use a minus sign or parentheses to show other expenses.) Carmen Communications Income Statement Year Ended July 31, 2018 Net Sales Revenue $ 29,000 - X i Data Table Cost of Goods Sold 19,600 Gross Profit 12100 Operating Expenses: Selling Expenses Cash $ 3,600 Cost of Goods Sold $ 19,600 $ 1,700 11,000 Administrative Expenses 3,600 Selling Expenses Accounts Payable 1,700 Equipment, net 4,700 Accrued Liabilities 2,000 5,300 Common Stock 6,315 Net Sales Revenue 29,000 6800 1,500 Accounts Receivable 3,100 Total Operating Expenses Operating Income Other Income and (Expenses) Interest Expense Notes Payable, long-term Merchandise Inventory Administrative Expenses 900 Interest Expense 15 (15) 3,600 5300 6785 Net Income (Loss) Print Done