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 Balance Dec. 31

1 Accounts payable 15,000

2 Accounts receivable 30,000

3 Accumulated depreciationbuilding 15,500

4 Accumulated depreciationequipment 10,000

5 Advertising expense 4,300

6 Building 84,600

7 S. Meilleur, capital 75,000

8 S. Meilleur, drawings 28,300

9 Cash 4,500

10 Cost of goods sold 235,500

11 Depreciation expense 6,000

12 Equipment 24,500

13 Freight out 650

14 Insurance expense 1,450

15 Interest expense 2,020

16 Interest revenue 940

17 Land 12,000

18 Merchandise inventory 105,000

19 Mortgage payable 57,600

20 Prepaid insurance 2,100

21 Property tax expense 1,200

22 Property taxes payable 600

23 Rent revenue 1,700

24 Salaries expense 41,200

25 Salaries payable 650

26 Sales 423,900

27 Sales discounts 15,300

28 Sales returns and allowances 17,900

29 Unearned revenue 23,000

30 Utilities expense 1,700

Prepare a multiple-step income statement for Meilleur Merchant for the year ended December 31, 2017