Question 1 [50 points] The work sheet for Weber Inc. is shown below. Complete the classified multi-step income statement on the right. Balance Sheet and Weber Inc. Income Statement For the year ended December 31, 2014 Net sales Gross profit from sales Operating expenses Selling expenses Total selling expenses. General and administrative expenses Income Statement of Statement Changes in Equity Debit Credit Debit Credit Accumulated Depreciation, Office Fixtures 29,000 Accumulated Depreciation, Store Equipment 33,500 Cost Of Goods Sold 112,000 Depreciation Expense, Office Fixtures. 8,500 Depreciation Expense, Store Equipment 15,500 Dividends 38,500 Interest Expense 38,500 Liabilities 209,000 Merchandise Inventory. 176,500 Office Fixtures 43,500 Office Supplies Expense. 46,500 Rent expense, office space 57,000 Rent expense, selling space. 66,500 Rent revenue 131,000 Retained Earnings 70,500 Sales 270,000 Sales Discounts 22,000 Sales Returns and Allowances. 25,500 Share Capital 169,500 Store Equipment 163,500 Store Supplies Expense 98,500 Totals. 490,500 401,000 422,000 511,500 Net Loss 89,500 89,500 Totals 490,500 490 500 511,500 511,500 Total general and administrative expenses Total operating expenses Other revenues and expenses