Prepare a multiple step or classified income statement (Periodic)

Merchandise Inventory 10,000 Cash 90,000 Accounts Receivable 15,000 Sales 180,000 Office Supplies 3,000 Store Machinery 100,000 Sales Discounts 6,000 Freight In 1,500 Accounts Payable 18,000 Capital 84,500 Withdrawals 14,000 Purchase Returns and Allowances 2,000 Acc. Dep. - Machinery 40,000 Sales Returns and Allowances 4,000 Purchase Discounts 3,000 Purchases 50,000 Salesmen Salary Expense 19,000 Depreciation Expense 20,000 Office Supplies Expense 2,000 Salaries Payable 7,000 Total 669,000