P5-36A (book/static) Question Help Rachael Rey's Music Company uses a perpetual inventory system. The adjusted trial balance of Rachael Rey's Music Company at June 30, 2018, follows: (Click the icon to view the adjusted trial balance. Read the requirements. Requirement 1. Prepare Rachael Rey's multi-step income statement for the year ended June 30, 2018. (Use a minus sign or parentheses to show other expenses.) - X Data Table Gross Profit Sales Revenue Account Title Cash $ Balance Debit Credit 4,000 38,400 18,100 Accounts Receivable 300 39.900 $ 8,200 Net Income (Loss) 13,800 850 - X Requirements 7,500 17,000 Merchandise Inventory Office Supplies Furniture Accumulated Depreciation Furniture Accounts Payable Salaries Payable Uneamed Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Sales Revenue Cost of Goods Sold Selling Expense Administrative Expense Interest Expense 6,000 21,350 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. 40,000 184,000 85,500 Print Done 18,600 12,000 1,900 258,700 $ 258,700 Total Print Done