Glent Company prepared the following adjusted trial balance at its year-end of March 31, 2018. The company is owned by Bruce Glent.

Glent Company Adjusted Trial Balance March 31, 2018
Account Titles	DR	CR
Cash	$14,900
Accounts Receivable	$5,600
Merchandise Inventory	$6,100
Prepaid Expenses	$1,900
Store Equipment	$39,800
Accumulated Depreciation - Equipment		$2,700
Accounts Payable		$6,100
Unearned Revenue		$5,100
Notes Payable		$9,000
Glent, Capital		$42,520
Glent, Drawings	$1,900
Sales Revenue		$50,380
Gain on Sale of Equipment		$4,500
Cost of Goods Sold	$15,600
Depreciation Expense - Equipment	$2,700
Interest Expense	$900
Advertising Expense	$1,800
Rent Expense - Retail Space	$10,600
Rent Expense - Office Space	$5,700
Sales Salaries Expense	$8,200
Office Salaries Expense	$4,600
Total	$120,300	$120,300

Notes: Assume the balance of owner's equity is the opening balance. The note payable is payable over 9 years in equal annual installments.

Required

a) Prepare a multi-step income statement.