Learning Objectives 4, 5 1. Operating Income $67,900 P5-36A Preparing a multi-step income statement, journalizing closing entries, and preparing a post-closing trial balance The adjusted trial balance of Rachael Rey Music Company at June 30, 2018, follows: RACHAEL REY MUSIC COMPANY Adjusted Trial Balance June 30, 2018 Balance Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Debit Credit $ 4,000 38,400 18,100 300 Furniture Accumulated Depreciation-Furniture Accounts Payable 39,900 $ 8,200 13,800 Salaries Payable 850 Unearned Revenue 7,500 Notes Payable, long-term 17,000 Rey, Capital 27,350 Rey, Withdrawals 40,000 Sales Revenue 184,000 Cost of Goods Sold 85,500 Selling Expense 18,600 Administrative Expense 12,000 Interest Expense 1,900 Total $258,700 $258,700 Requirements 1. Prepare Rachael Rey's multi-step income statement for the year ended June 30, 2018. 2. Journalize Rachael Rey's closing entries. 3. Prepare a post-closing trial balance as of June 30, 2018.