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Carolina Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2024: (Click the icon to view the accounts and balances.) Prepare Carolina Communications' multi-step income statement for the year ended July 31, 2024. (Use a minus sign or parentheses to show other expenses.) i Data Table - X Carolina Communications Income Statement Year Ended July 31, 2024 Cash $ 4,200 Cost of Goods Sold $ 19,600 Selling Expenses 1,200 Equipment, net 13,000 Accounts Payable 4,400 Salaries Payable 1,700 Common Stock 5, 115 Net Sales Revenue 30,000 Notes Payable, long-term 1,500 Accounts Receivable 2,700 Merchandise Inventory 900 Interest Expense 15 Administrative Expenses 2,600 Refunds Payable 1,300 Estimated Returns Inventory 500 Sales Discounts Forfeited 800 Print Done Choose from any list or enter any number in the input fields and then continue to the next