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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 m:Click the icon to

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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 m:Click the icon to view the sted trial balance ) Prepare Qualitysmulti-step income statement for the year ended March 31, 2018 (Use aminus sign or parentheses to show other expenses Quality Business Systems Income Statement Year Ended March 31,2018 of Goods Sold Net Income (Loss) Data Table Quality Business Systems Adjusted Trial Balance March 31, 2018 Balance Account Title Debit Credit 4400 12.800 Accounts Receivable Merchandise Inventory Office Supplies Equipment 7.100 2,100 13.200 Accounts Payable Salaries Payable Notes Payable, long-term Common Stock Retained Earmings Dividends Sales Revenue Cost of Goods Sold Selling Expense 1,050 7,600 10,000 5,750 42.500 231,000 dministrative Expense nterest Expense 26.900 15,100 2,700 278,000 $ 278,000 Choose from any list or enter any

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