Meilleur uses a perpetual inventory system. The following is a list of the accounts and balances taken from the adjusted trial balance at December 31, 2017 for Meilleur Merchants. The list of accounts is in alphabetical order. All accounts have normal balances. Account 1 Accounts payable 2 Accounts receivable 3 Accumulated depreciation-building 4 Accumulated depreciation equipment 5 Advertising expense 6 Building 7 S. Meilleur, capital 8 S. Meilleur, drawings 9 Cash 10 Cost of goods sold 11 Depreciation expense 12 Equipment 13 Freight out 14 Insurance expense 15 Interest expense 16 Interest revenue 17 Land 18 Merchandise inventory 19 Mortgage payable 20 Prepaid insurance 21 Property tax expense 22 Property taxes payable 23 Rent revenue 24 Salaries expense 25 Salaries payable 26 Sales 27 Sales discounts 28 Sales returns and allowances 29 Unearned revenue 30 Utilities expense Balance Dec. 31 15,000 30,000 15,500 10,000 4,500 84,600 75,000 28,300 4,500 234,700 5,900 24,500 620 1,450 2,120 940 12,000 105,000 57,600 2,100 1,100 600 1,600 41,500 650 423,500 15,100 17,700 23,000 1,700 Prepare a multiple-step income statement for Meilleur Merchant for the year ended December 31, 2017. MEILLEUR MERCHANTS Income Statement