Exercise 13.3 (Algo) Preparing a classified income statement. LO 13-1 The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. Prepare a classified income statement for this firm for the year ended December 31, 20X1. The merchandise inventory amounted to $59,175 on January 1, 20X1, and $52,125 on December 31, 20X1. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. 401 Sales Accounts $246,400 Cr. 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 4,290 Dr. 340 Cr. 103,000 Dr. 1,915 Dr. 3,540 Cr. 1,740 Cr. 44,700 Dr. 2,250 Dr. 617 Depreciation expense-Store equipment 1,450 Dr. 12,900 Dr. 2,940 Dr. 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 20,500 Dr. 5,400 Dr. 510 Dr. 660 Dr. 620 Dr.