Discount Office Systems uses a perpetual inventory system. The adjusted trial balance of Discount Office Systems at March 31, 2024, follows: (Click the icon to view the adjusted trial balance.) Prepare Discount's single-step income statement for the year ended March 31, 2024. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{DiscountOfficeSystemsAdjustedTrialBalanceMarch31,2024} \\ \hline \multirow[b]{2}{*}{ Account Title } & \multicolumn{3}{|c|}{ Balance } \\ \hline & & Debit & Credit \\ \hline Cash & $ & 4,000 & \\ \hline Accounts Receivable & & 13,000 & \\ \hline Merchandise Inventory & & 31,100 & \\ \hline Estimated Returns Inventory & & 2,000 & \\ \hline Office Supplies & & 6,500 & \\ \hline Equipment & & 42,200 & \\ \hline Accumulated Depreciation-Equipment & & $ & 13,600 \\ \hline Accounts Payable & & & 7,000 \\ \hline Refunds Payable & & & 2,100 \\ \hline Salaries Payable & & & 600 \\ \hline Notes Payable, long-term & & & 7,600 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Common Stock & & 12,000 \\ \hline Retained Earnings & & 6,000 \\ \hline Dividends & 45,500 & \\ \hline Sales Revenue & & 230,000 \\ \hline Sales Discounts Forfeited & & 1,200 \\ \hline Cost of Goods Sold & 92,000 & \\ \hline Selling Expense & 27,700 & \\ \hline Administrative Expense & 14,200 & \\ \hline Interest Expense & 1,900 & \\ \hline Total & $280,100 & 280,100 \\ \hline \end{tabular}