Proud Pappa Music Company uses a perpetual inventory system. The adjusted trial balance of Proud Pappa Music Company at June 30, 2018, follows: E(Click the icon to view the adjusted trial balance.) Read the requirements show other expenses.) Requirement 1. Prepare Proud Pappa's multi-step income statement for the year ended June 30, 2018.. (Use a minus sign or parentheses t Proud Pappa Music Company Requirements Income Statement Year Ended June 30, 2018 1. Prepare Proud Pappa's multi-step income statement for the year ended June 30, 2018. 2. Journalize Proud Pappa's closing entries. 3. Prepare a post-closing trial balance as of June 30, 2018. Data Table Proud Pappa Music Company Adjusted Trial Balance June 30, 2018 Balance Net Income (Loss) Account Title Debit Credit Cash 3.900 Accounts Receivable 38.200 Merchandise Inventory 17,300 Choose from any list or enter any number in the input fields and then click Check Answer. Office Supplies 800 Data Table Balance Account Title Debit Credit Cash 3,900 Accounts Receivable 38,200 Merchandise Inventory 17,300 Office Supplies 800 Furniture 39,800 Accumulated Depreciation-Furniture 8,700 Accounts Payable 14,100 Salaries Payable 1,250 Unearned Revenue 6,700 Notes Payable, long-term 14,500 Common Stock 12,000 Retained Earnings 5,950 Dividends 39,500 Sales Revenue 186,000 Cost of Goods Sold 74,400 Selling Expense 19,100 Administrative Expense 14,500 1,700 Interest Expense 249,200 $ 249,200 Total