Selected data from the ledger of Morrison Co. after adjustment at December 31, 2016, the end of the fiscal year, are below. Choose the appropriate accounts and prepare a multiple step income statement on the form below.

Accounts Receivable	$ 39,120		Office Equipment	$ 82,700
Accumulated Depreciation	60,540		Prepaid Insurance	4,680
Administrative Expenses (total)	90,000		Note Payable	77,750
Common Stock	15,000		Salaries Payable	3,060
Cost of Merchandise Sold	550,000		Sales	950,000
Dividends	65,000		Sales Tax Payable	450
Retained Earnings	70,000		Selling Expenses (total)	102,000
Interest Revenue	10,000		Supplies	3,125