Information from the March 31, 2023, year-end unadjusted trial balance of The Online Store is as follows:

Additional information:
1. Supplies inventory at year-end, $920.
2. The balance in the Prepaid Rent account represents a six-month contract effective November 1, 2022.
3. Depreciation on the store equipment, $1,600.
4. The useful life and trade-in value of the office equipment were originally estimated to be 7 years and $250, respectively.
5. Ending merchandise inventory, $19,200.

Required
Analyze and determine the impact of the adjustments from (a) to (e) on the unadjusted trial balance numbers. Prepare a classified multiple-step income statement (like Exhibit 5A.2) using your adjusted trial balance numbers.

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Cash.... Merchandise inventory... Supplies............ Prepaid rent.... Store equipment.......... …....... Accumulated depreciation, store equipment... Office equipment.................. Accumulated depreciation, office equipment............. Accounts payable............ Lucy Baker, capital.. Lucy Baker, withdrawals..... Sales................... Sales returns and allowances............. Sales discounts..... Purchases........ Purchase returns and allowances.. Purchase discounts. Transportation-in............. Salaries expense (60% selling, 40% office).......... Rent expense (80% selling space; 20% office space)... Advertising expense....... Supplies expense (30% selling supplies; 70% office supplies). Depreciation expense, store equipment.. Depreciation expense, office equipment. Totals................ Debit Credit $ 7,000 39,500 1,600 19,200 60,000 23,000 34,000 13,800 6,000 346,000 16,000 58,000 49,000 $ 14,000 6,500 16,000 134,600 506,750 4,600 7,150 7,000 9,500 -0- -0- $689,600 $689,600