The following amounts appeared on Davison Company's adjusted trial balance a Merchandise inventory Other assets Liabilities Brenda Davison, capital Brenda Davison, withdrawals Interest income Sales Sales discounts Sales returns and allowances Cost 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 $ 16,500 261,800 $ 78,900 208,480 65,500 1,170 429,000 7,000 28,500 169,800 52,500 19,500 5,500 29,900 53,500 5,700 1,850 $717,550 $717,550 Required: 1. Prepare a classified multiple-step income statement for internal use. DAVISON COMPANY Income Statement