Problem 5: Select accounts from Luxe Athletics' trial balance at December 31, 2019 are listed below. Accounts payable 123,250 Mortgage payable 187,500 Accounts receivable 66,300 Prepaid insurance expense 3,600 Accumulated depreciation - buildings 77,700 Property tax payable 7,200 Accumulated depreciation - equipment 64,350 Purchase discounts 33,750 Administrative expenses 277,350 Purchase returns and allowances 9,600 Buildings 285,000 Purchases 605,400 Cash 25,500 Salaries payable 5,250 Equipment 165,000 Sales 1,001,000 Freight in 8,400 Sales discounts 6,000 Interest expense 15,600 Sales returns 8,000 Inventory, Jan 1 60,750 Selling expenses 11,250 Land 112,500 Unearned revenue 12,450 The accountant did an inventory count on December 31, 2019 and advised that there was $70,000 in inventory at December 31, 2019. Required: Prepare multi-step income statement in good form, including the full cost of goods sold section, for the year ended December 31, 2019. (there is space on the following page for the income statement)