Quality Cut Steak Company uses a perpetual inventory system. The records of Quality Cut Steak Company list the following selected accounts for the quarter ended April 30, 2024: (Click the icon to view the accounts.) Read the requirements. Requirement 1. Prepare a single-step income statement. (Abbreviation used: Eq. = Equipment.) Quality Cut Steak Company Income Statement Quarter Ended April 30, 2024 Data table Interest Revenue Merchandise Inventory Notes Payable, long-term Salaries Payable Net Sales Revenue Rent Expense (Selling) Salaries Expense (Administrative) Office Supplies Unearned Revenue $ 800 45,700 42,000 3,100 290,000 21,500 2,300 5,900 13,200 Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Common Stock Retained Earnings Dividends Cash Cost of Goods Sold Equipment $ 17,600 33,300 35,800 34,000 11,425 17,000 8,400 142,100 132,500

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