Exercise 13.5 (Algo) Preparing a classified balance sheet. LO 13-3 The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $57,975 on January 1, 20X1, and $50,925 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. Accounts 401 Sales 451 Sales returns and allowances $244,000 Cr. 4,170 Dr. 617 Depreciation expense-Store equipment 491 Miscellaneous income 501 Purchases 502 Freight in 503 Purchases returns and allowances 504 Purchases discounts 611 Salaries expense-Sales 614 Store supplies expense 631 Rent expense 220 Cr. 101,800 Dr. 1,795 Dr. 3,420 Cr. 1,620 Cr. 43,500 Dr. 2,130 Dr. 1,330 Dr. 11,700 Dr. 634 Utilities expense 2,820 Dr. 637 Salaries expense-Office 19,300 Dr. 640 Payroll taxes expense 4,200 Dr. 643 Depreciation expense-Office equipment 390 Dr. 646 Uncollectible accounts expense 540 Dr. 380 Dr. 691 Interest expense The worksheet of Bridget's Office Supplies contains the following owner's equity accounts. Accounts 301 Bridget Swanson, Capital 302 Bridget Swanson, Drawing Net income for the year $48,155. $61,960 Cr. 41,100 Dr.