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Telly's Music Company uses a perpetual inventory system. The adjusted trial balance of Telly's Music Company at June 30, 2024, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare Telly's multi-step income statement for the year ended June 30, 2024. (Use a minus sign or parentheses to show other expenses.) Telly's Music Company Income Statement Year Ended June 30, 2024 Revenues 190,000 Sales Revenue 400 190400 19 Choose from any list or enter any number in the input fields and then continue to the next question. - x Data Table Telly's Music Company Adjusted Mal Balance June 30, 2024 Balance Account Title Debit Credit Accounts Racelyable 38.800 Merchandise Inventory Estimated Returns Inventory Office Suppile8 Furniture Accumulated Depreclation Furniture Accounts Payable Refunds Payable Salaries Payable Umearned Revenue 6503 24.850 Notes Payable, long-term Telly, Capital Telly. Withdrawale Sales Revenue 41300 190RON N Sales Discount Forfeited 100 Coat of Goode sold 15,00 Selling Expense Administrative Expense Interest Expenee Total 26250 29250 Requirements - X 1. Prepare Telly's multi-step income statement for the year ended June 30, 2024 2. Journalize Telly's closing entries. 3. Prepare a post-closing trial balance as of June 30, 2024 9 0 Print Done - 14000 3260 Requirement 1. Prepare Telly's multi-step income statement for the year ended June 30, 2024 (Use a minus sign or parentheses to show other expenses.) Telly's Music Company Income Statement Year Ended June 30, 2024 Revenues 190,000 Sales Revenue 400 190400 19 -85500 - 14000 32600 72300 -1800 -1800 Net Income (Loss) 70500 Requirement 2. Journalize Telly's closing entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues and other credit accounts for the period. Do not close the expenses, this will be done in the next step. Date Accounts and Explanation Debit Credit Jun. 30 Clos. (1) Close expenses for the period. Date Accounts and Explanation Debit Credit Jun. 30 Clos (2) Close Income Summary Date Accounts and Explanation Debit Credit Jun 30 Clos. (3) Close withdrawals Date Accounts and Explanation Debit Credit Jun 30 Clos (4) Requirement 3. Prepare a post-closing trial balance as of June 30, 2024 Telly's Music Company Post-Closing Trial Balance June 30, 2024 Balance Account Title Debit Credit Total