Exercise 1 Saved The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $59.475 on January 1, 2019, and $52.425 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administre Accounts 401 Sales 451 Sales Returns and Allowances 491 Miscellaneous Income 501 Purchases 502 Freight In 503 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 $247,000 Cr. 4,320 Dr. 370 Cr. 103, 300 Dr. 1,945 Dr. 3,570 Cr. 1,770 Cr. 45,000 Dr. 2,280 Dr. 1.480 Dr. 13,200 Dr. 2,970 Dr. 20,800 Dr. 5,700 Dr. 540 DE 690 Dr. 680 DE Prepare a classified income statement for this form for the year ended December 31, 2019 BRIDGETS OFFICE SUPPLIES BRIDGETS OFFICE SUPPLIES Income Statement Operating revenue Net sales Cost of goods sold Total merchandise available for sale Operating expenses Selling expenses 10. ! Next >