The accounts of Mystic's Muffins at March 31, 2023, are listed in alphabetical order. For simplicity, all operating expenses are summarized in the accounts Selling Expenses and General Expenses. Mystic's Muffins uses the perpetual inventory system. (Click the icon to view the accounts.) Required 1. Prepare Mystic's Muffins' single-step income statement for the year ended March 31, 2023. Show Net Sales Revenue and not the individual accounts. 2. Prepare Mystic's Muffins' statement of owner's equity. 3. Prepare Mystic's Muffins' classified balance sheet in report format at March 31, 2023. Accounts Payable $ 30,000 M. Sterling, Withdrawals .. $ 59,000 Accounts Receivable ... 77,500 Notes Payable, Long-Term 256,000 Accumulated Amortization- Store Equipment Cash... Salaries Payable 13,000 42,000 Sales Discounts... 15,000 3,100 Sales Returns and Cost of Goods Sold ... 799,000 Allowances 27,200 General Expenses 128,000 Sales Revenue 950,000 Interest Expense 6,700 Selling Expenses.. 168,000 Interest Payable.... 6,200 Store Equipment 218,850 Interest Revenue 850 Supplies..... 9,700 Inventory..... 278,000 Unearned Sales Revenue. 39,000 M. Sterling, Capital 453,000