Quality Business Systems uses a perpetual inventory system. The adjusted trial balance of Quality Business Systems at March 31, 2018

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Quality Business Systems uses a perpetual inventory system. The adjusted trial balance of Quality Business Systems at March 31, 2018, follows: EEB (Click the icon to view the adjusted trial balance.) Data Table Prepare Quality's multi-step income statement for the year ended March 31, 2018. (Use a minus sign or parentheses to show other expenses.) Adjusted Trial Balance March 31, 2018 Quality Business Systems Income Statement Year Ended March 31, 2018 Balance Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Notes Payable, long-term Murray, Capital Murray, Withdrawals Sales Revenue Cost of Goods Sold Selling Expense Administrative Expense Interest Expense Total Debit Credit 2,800 12,900 31,200 6,400 42,300 14.100 9,400 850 7.400 24.750 45,500 232,000 Net Income (Loss) 104.400 26,600 14,300 2,100 $ 288,500 S 288,500