Efficient Office Systems uses a perpetual inventory system. the adjusted trial balance of Efficient Office Systems at March 31, 2018, follows:

Efficient Office Systems
Adjusted Trial Balance
March 31, 2018
		Balance
	Account Title	Debit	Credit
	Cash	$4,200
	Accounts Receivable	13,500
	Merchandise Inventory	32,100
	Office Supplies	6,500
	Equipment	42,500
	Accumulated DepreciationEquipment		$13,500
	Accounts Payable		9,300
	Salaries Payable		1,200
	Notes Payable, long-term		7,500
	Common Stock		25,000
	Retained Earnings		4,550
	Dividends	44,500
	Sales Revenue		231,000
	Cost of Goods Sold	103,950
	Selling Expense	27,500
	Administrative Expense	14,600
	Interest Expense	2,700
	Total	$292,050	$292,050

Prepare Efficient's single-step income statement for the year ended March 31, 2018.