10 The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,675 on January 1, 2019, and $51,625 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. 12 points eBook Hint Accounts 431 Sales 451 Sales Returns and Allowances 491 Miscellaneous Income 501 Purchases 502 Freight In 583 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense-Sales 614 Store Supplies Expense 617 Depreciation Expense-Store Equipment 631 Rent Expense 634 Utilities Expense 637 Salaries Expense-Office 640 Payroll Taxes Expense 643 Depreciation Expense-Office Equipment 646 Uncollectible Accounts Expense 691 Interest Expense $245,400 Cr 4,240 Dr. 290 Cr 102,500 Dr 1,865 Dr. 3,490 Cr 1.690 C 44,200 Dr. 2200 Dr. 1,480 Dr. 12,400 Dr 2,890 Dr. 28,000 Dr. 4,900 Dr. 460 Dr 619 DE 520 Dr. References Prepare a classified income statement for this firm for the year ended December 31, 2019. BRIDGETS OFFICE SUPPLIES Income Statement Operating revenue Net sales Help Save & Exit Net sales Cost of goods sold 12 points eBook Hint Total merchandise available for sale References Operating expenses Selling expenses Total Selling Expense General and Administrative Expenses Total Selling Expense General and Administrative Expenses points eBook Hint References Total general and admin. expenses Total operating expenses Other income Other expense Graw Hill