Quality Hardwoods Company distributes hardwood products to small furniture manufacturers. ACCOUNTS Credt $ 24,100 Petty Cash Fund Notes Receivable Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Warehouse Supplies Office Supplies Prepaid Insurance 11,800 $6,000 234,000 2,860 1,420 46,000 178,000 Warehouse Equipment Accumulated Depreciation- Warehouse Equipment Delivery Equipment 37,000 51,000 25,000 17,400 Office Equipment 12.000 20,200 Notes Payable Accounts Payable Interest Payable Mortgage Payable Loans Payable, Long-term Chuck Kirby. Capital (Jan. 1) Chuck Kirby. Drawing Income Summary 61,000 17,000 462.460 127,000 234,000 1,685,000 Sales Returns and Allowances Interest Income 1,580 767,000 Freight In Purchases Retums and Allowances Purchases Discounts Warehouse Wages Expense Warehouse Supplies Expense Depreciation Expense-Warehouse Equipment 8,440 11,160 199,600 7,100 5,800 269,200 Travel and Entertainment Expense Delivery Wages Expense Depreciation E Salaries Expense -Office Office Supplies Expense Insurance Expense Utilities Expense Telephone Expense Payroll Taxes Expense Property Taxes Expense Uncollectible Accounts Expense 60,330 9,800 70,600 4,000 Equipment 6,520 59,000 5,600 5,800 9,000 4,000 Interest Expense $2.649,420 $2.649,420 1. Prepare a classified income statement for the year ended December 31, 2016. The expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses