The following transaction occurred during March 2023, for Rehearsal Gift Shop, a SOLE PROPRIETORSHIP: March 1 Owner made $20,000 cash investment in the business. 3 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. Sold inventory on account for $8,000. Payment terms were 2/15,n/30. These goods originally cost the company $4,000. 12 Paid amount owed on the March 3 inventory. 16 Received sales return of $1,000 on the March 10 sale. The original cost is $500. 23 Received cash from March 10 customer in full settlement of her debt. 30 Dress Rehearsal Gift Shop also incurred the following Operating Expenses and paid with cash: Requirements: 1. Journalize the transactions noted above. 2. Post the transactions to the T-accounts. 3. Prepare the Trial Balance. 4. Prepare a muldi-step income statement for Rehearsal Gift Shop for the month ended March 31, 2023. The accounts of Rehearsal Biz, a SOLE PROPRIETORSHIP, are listed along with their adjusted balances before closing for the year ended june 30,2023 . All month-end adjustments have already been made. Assume all accounts have normal balances. Ne dividends wero declared or paid during the fiscal year. Requirementsi 1. Prepare a multi-step income statement 2. Prepared the statement of retuined earning 3. Prepared a classified balance sheet