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The adjusted trial for the year ended December 31, 2017 balance data given below is from the Morgen Company's worksheet ADJUSTED TRIAL BALANCE DEBIT 62,000

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The adjusted trial for the year ended December 31, 2017 balance data given below is from the Morgen Company's worksheet ADJUSTED TRIAL BALANCE DEBIT 62,000 57,000 OUNT N Merchandise Inventory, Jan. 1, 2017 Merchandise Inventory. Dec. 31, 2017 Sales 250,000 Sales Returns and Allowances Purchases 4,500 125,000 Freight In Purchases Returns and Allowances Purchases Discounts 3,000 1,600 1,900 Prepare a classified income statement. up to the Gross Profit for the year ended December 31, 2017. (Input all amount as positive values.) MORGAN COMPANY Income Statement Year Ended December 31, 2017 Operating revenue (Click to select) K Prev 10 of 10 Hi Next earc Cost of goods sI (Click tos Cost of goods sold

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