Grade A Steak Company uses a perpetual inventory system. The records of Grade A Steak Company (Click the icon to view the accounts.) Read the requirements. Requirement 1. Prepare a single-step income statement. (Abbreviation used: Eq. = Equipment.) Grade A Steak Company income Statement Quarter Ended April 30, 2018 Data Table $ 200 $ 17,800 38,400 45,200 43,000 37,300 36,000 2,200 295,000 26.820 22,000 22.000 Interest Revenue Merchandise Inventory Notes Payable, long-term Salaries Payable Net Sales Revenue Rent Expense (Selling) Salaries Expense (Administrative) Office Supplies neamed Revenue Interest Expense Depreciation Expense Equipment (Administrative) Utilities Expense (Administrative) Delivery expense Selling 1,900 Accounts Payable Accounts Receivable Accumulated Depreciation Equipment Common Stock Retained Earnings Dividends Cash Cost of Goods Sold Equipment Interest Payable Rent Expense (Administrative) Salaries Expense (Selling) Utilities Expense (Selling) 5,600 7,200 159,300 132,000 13,900 1.900 900 11320 9,400 4.100 6,400 3.000 10.200