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The adjusted trial balance data given below is from the Morgan Companys worksheet for the year ended December 31, 2019. The expense accounts numbered 611-615

The adjusted trial balance data given below is from the Morgan Companys worksheet for the year ended December 31, 2019. The expense accounts numbered 611-615 represent selling expenses, and those numbered 621-631 represent general and administrative expenses.

ACCT. ADJUSTED TRIAL BALANCE
NO. ACCOUNT NAME DEBIT CREDIT
399 Income Summary 73,000 64,000
401 Sales 390,000
451 Sales Returns and Allowances 5,300
491 Interest Income 890
501 Purchases 195,000
502 Freight In 4,400
503 Purchases Returns and Allowances 3,000
504 Purchases Discounts 3,300
611 Sales Salaries Expense 68,000
613 Advertising Expense 3,500
615 Travel Expense 12,900
621 Office Salaries Expense 19,700
623 Office Supplies Expense 890
625 Utilities Expense 5,900
627 Payroll Taxes Expense 2,900
629 Uncollectible Accounts Expense 1,490
631 Depreciation Expense - Office Equipment 690
691 Interest Expense 3,000

Prepare a classified income statement for the year ended December 31, 2019.

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