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The accounts listed below appear on the worksheet of New England Crafts. Indicate the section of the classified income statement in which each account will

The accounts listed below appear on the worksheet of New England Crafts. Indicate the section of the classified income statement in which each account will be reported.1. Uncollectible accounts expense2. Telephone expense3. Sales returns and allowances4. Purchases5. Interest expense6. Merchandise inventory7. Interest income8. Sales9. Depreciation expenseOffice equipment10. Rent expense11. Sales discounts12. Supplies expense13. Freight in14. Purchases discounts15. Purchases returns and allowances

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