Quality Office Systems uses a perpetual inventory system. The adjusted trial balance of Quality (Click the icon to view the adjusted trial balance.) Prepare Quality Office's single-step income statement for the year ended March 31, 2018. Quality Office Systems Income Statement Year Ended March 31, 2018 Revenues: 107550 Expenses: Selling Expense Administrative Expense $ 27,400 14,200 Net Income (Loss) Chance from follows: Quality Office Systems Adjusted Trial Balance March 31, 2018 Balance Account Title Debit Credit Cash 3,700 13,300 31,500 6,300 42,900 Accounts Receivable Merchandise Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Notes Payable, long-term $ 13,900 9,200 800 8,600 42,900 $ 13,900 9,200 Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Notes Payable, long-term Mumford, Capital Mumford, Withdrawals 800 8,600 22,950 41,500 Sales Revenue 235,700 Cost of Goods Sold Selling Expense Administrative Expense 107,550 27,400 14,200 2,800 Interest Expense $ 291,150 $ 291,150 Total Print Done Year Ended March 31, 2018 venues: 1 17.400 4,200 pens Accounts Payable Accounts Receivable Accumulated Depreciation Equipment Administrative Expense Cash Cost of Goods Sold Equipment Interest Expense Inci Merchandise Inventory Mumford, Capital ose Mumford, Withdrawals Net Sales Revenue parts Notes Payable, long-term hen click Chech Administrative Expense Cash Cost of Goods Sold Equipment Interest Expense Merchandise Inventory Mumford, Capital Mumford, Withdrawals no Net Sales Revenue Notes Payable, long-term se Office Supplies Salaries Payable arts Selling Expense