5. The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $59,675 on January 1, 2019, and $52,625 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.
Accounts
401	Sales	248,200	Cr.
451	Sales Returns and Allowances	4,340	Dr.
491	Miscellaneous Income	390	Cr.
501	Purchases	103,500	Dr.
502	Freight In	1,965	Dr.
503	Purchases Returns and Allowances	3,590	Cr.
504	Purchases Discounts	1,790	Cr.
611	Salaries ExpenseSales	45,200	Dr.
614	Store Supplies Expense	2,300	Dr.
617	Depreciation ExpenseStore Equipment	1,500	Dr.
631	Rent Expense	13,400	Dr.
634	Utilities Expense	2,990	Dr.
637	Salaries ExpenseOffice	21,000	Dr.
640	Payroll Taxes Expense	5,900	Dr.
643	Depreciation ExpenseOffice Equipment	560	Dr.
646	Uncollectible Accounts Expense	710	Dr.
691	Interest Expense	720	Dr.
Prepare a classified income statement for this firm for the year ended December 31, 2019.
Bridget's Office Supplies
Income Statement
Operating Revenue
Net Sales
Cost of Good Sold
Total Merchandise available for sales
Operating expense
selling expense
Total Selling Expesne
General and Admiistrative Expense
Total general and admin. Expense
Total operatig expense
other income
other expense