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The following is a list of the accounts and balances taken from the adjusted trial balance at December 31 2021 for Meilleur Merchants. Meilleur uses a perpetual inventory system and the earnings approach for revenue recognition. The list of accounts is in alphabetical order. All accounts have normal balances. Balance Dec. 31 Account 1 2. 3 4. 5 Accounts payable Accounts receivable Accumulated depreciation-building Accumulated depreciation equipment Advertising expense Building S. Meilleur. capital S. Meilleur, drawings Cash Cost of goods sold Depreciation expense Equipment Freight out $15.000 30.000 15.500 10.000 4,400 84.600 75,000 28,300 4,500 235,400 7 8 9 10 11 6,100 24,500 3 13 640 14 15 Insurance expense Interest expense Interest revenue Land 16 17 18 1,150 2.020 1,440 12,000 105,000 57,600 2.100 1.100 600 19 20 21 22 23 24 Merchandise inventory Mortgage payable Prepaid insurance Property tax expense Property taxes payable Rent revenue Salaries expense Salaries payable Sales Sales discounts Sales returns and allowances Unearned revenue Utilities expense 25 26 1.600 41.100 650 419.700 15,400 17,500 23.000 2.100 27 28 29 30 Prepare a multiple-step income statement for Meilleur Merchant for the year ended December 31, 2021 MEILLEUR MERCHANTS Income Statement $ 01:05