Use the following information to answer Short Exercises S5-10 and S5-11. Camilia Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2018: Cash Selling Expenses Accounts Pavable Common Stock Notes Payable, long-term Merchandise Inventory Administrative Expenses $2,900 1,400 4,300 4,365 Cost of Goods Sold Equipment, net Accrued Liabilities Net Sales Revenue $18,700 9,500 1,800 29,200 3,200 65 500 Accounts Receivable 1,100 Interest Expense 3,300 S5-10 Preparing a merchandiser's income statement Learning Objective 5 Prepare Camilia Communications's multi-step income statement for the year ended July 31, 2018