Account		Balance Dec. 31
1		Accounts payable		15,000
2		Accounts receivable		30,000
3		Accumulated depreciation—building		15,500
4		Accumulated depreciation—equipment		10,000
5		Advertising expense		4,200
6		Building		84,600
7		S. Meilleur, capital		75,000
8		S. Meilleur, drawings		28,300
9		Cash		4,500
10		Cost of goods sold		234,900
11		Depreciation expense		5,900
12		Equipment		24,500
13		Freight out		660
14		Insurance expense		1,250
15		Interest expense		2,220
16		Interest revenue		1,140
17		Land		12,000
18		Merchandise inventory		105,000
19		Mortgage payable		57,600
20		Prepaid insurance		2,100
21		Property tax expense		1,300
22		Property taxes payable		600
23		Rent revenue		1,600
24		Salaries expense		42,000
25		Salaries payable		650
26		Sales		424,000
27		Sales discounts		15,500
28		Sales returns and allowances		17,500
29		Unearned revenue		23,000
30		Utilities expense		2,200

Prepare a multiple-step income statement for Meilleur Merchant for the year ended December 31, 2017.
 

Prepare a multiple-step income statement for Meilleur Merchant for the year ended December 31, 20 MEILLEUR MERCHANTS Income Statement < > > > > > S $