Q1

Adjusted Trial Balance Adjusted Trial Balance \begin{tabular}{|c|c|c|c|} \hline Common Stock & & & \\ \hline Retained Earnings & & & 400 \\ \hline Dividends & & 44,500 & \\ \hline Sales Revenue & & & 230,000 \\ \hline Sales Returns and Allowances & & 1,800 & \\ \hline Sales Discounts & & 400 & \\ \hline Cost of Goods Sold & & 92,000 & \\ \hline Selling Expense & & 27,100 & \\ \hline Administrative Expense & & 14,000 & \\ \hline Interest Expense & & 2,600 & \\ \hline Total & $ & 278,500S & 278,500 \\ \hline \end{tabular} Budget Office Systems uses a perpetual inventory system, The adjusted trial balance of Budget Office Systems at March 31, 2025, follows: View the adjusted trial balance. Prepare Budget Office Systems' single-step income statement for the year ended March 31, 2025