The following transaction occurred during March 2021, for Dress Rehearsal Gift Shop: March 1 3 Owner made $15,000 cash investment in the business. Purchased $5,000 of inventory on account under terms of 4/10, n/30. Returned $1,000 of defective merchandise purchased on March 3. Paid freight bill of $250 for the March 3 inventory purchase. 7 9 10 Sold inventory on account for $5,000. Payment terms were 2/15, n/30. These goods originally cost the company $2,500. 23 30 2628 12 16 Paid amount owed on the March 3 inventory. Received sales return of $1,000 on the March 10 sale. The original cost is $500. Received cash from March 10 customer in full settlement of her debt. Dress Rehearsal Gift Shop also incurred the following Operating Expenses and paid with cash: Salary Expense $ 750 Rent Expense $ 500 Utilities Expense $ 150 Supplies Expense $ 100 Requirements: 1. Journalize the transactions noted above. 2. Post the transactions to the T-accounts. 3. Prepare the Trial Balance. 4. Prepare a multi-step income statement for Dress Rehearsal Gift Shop for the month ending March 31, 2021.