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Trevls Department Store uses a periodic Inventory system. The adjusted trial balance of Travis Department Store at December 31, 2016. follows: E (Click the icon to View the adjusted trial balance.) Read the mm. Requirement 1. Prepare Travis Department Store's multi-step income statement for the year ended December 31, 2016. Assume ending Merchandise Inventory is $36,200. (Use a minus sign or parentheses to show other expenses.) Begin by calculating the gross prot, then complete the income statement in the next step. Less: Less: Plus: Less: Gross Prot _ Choose from any list or enter any number in the input fields and then continue to the next question. Plus: Less: Gross Profit Net Income (Loss) Ranmiramont ? Inurnalize Travie nonartmant Store's singing antrias (Parord dahite first than credits Solast the avalanation on the la Choose from any list or enter any number in the input fields and then continue to the next question.December 31, 2016 Balance Account Title Debit Credit Cash 7,600 Accounts Receivable 85,300 Merchandise Inventory (beginning) 37,300 Ofce Supplies 300 Furniture 90,000 Accumulated DepreciationFurniture 18,900 Accounts Payable 29,100 Salaries Payable 2,400 Unearned Revenue 14,500 Notes Payable, long-term 38,000 Travis, Capital 75,300 Travis, Withdrawals 89,400 Sales Revenue 388,000 Sales Returns and Allowances 6,300 Sales Discounts 4,200 Purchases 297,000 Purchase Returns and Allowances 118,000 Purchase Discounts 6,100 Freight In 300 Selling Expense 42,000 Administrative Expense 27,000 Interest Expense 3.600 690,300 $ 690,300 Total