Saved The following amounts appeared on Davison Company's adjusted trial balance as of October 31, 2020, the end of its fiscal year: Merchandise inventory Other assets Liabilities Brenda Davison, capital Brenda Davison, withdrawals Interest income Sales Sales discounts Sales returns and allowances Cont of goods sold Sales salaries expense Rent expense, selling space Store supplies expense Advertising expense office salaries expense Rent expense, office space office supplies expense Totals Debit Credit $ 16,900 265,800 $ 79,300 212,640 65,900 1,210 433,000 7,400 28,900 170,200 52,900 19,900 5,900 30,300 53,900 6,100 2,050 $726,150 $726,150 Required: 1. Prepare a classified multiple-step Income statement for Internal use. DAVISON COMPANY Income Statement For Year Ended October 31, 2020 0