26) From the adjusted trial balance given below for the Grayson Company, prepare a multiple- step income statement in good form. Salaries expense and building depreciation expense should be equally divided between selling activities and the general and administrative activities. (14 points) Grayson Company Adjusted Trial Balance December 31 Credit Debit $19,500 27,000 38,000 1,200 80,000 $ 25,000 260,000 121,600 28,500 10,000 50,000 119,900 Cash Accounts receivable Merchandise inventory Office supplies Store equipment Accumulated depreciation-store equipment Building Accumulated depreciationbuilding Accounts payable Salaries payable Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Salaries expense Depreciation expensestore equipment Depreciation expense-building Advertising expense Office supplies expense Gain on disposal of store equipment Interest expense Totals 45,000 450,000 8,000 24,500 210,000 38,000 16,000 24,000 12,300 3,500 3,000 1,000 $808.000 $808,000