The following is a list of the accocints and balances taken from the adijsted trial bolance at Docember 31 . 2024, for Brown Merchants. Brown usen uperpetual inventory system and the earnirus approach for revenue recognition All accounta have nonmal balances: Cash Cost of goods sold 235,500 Depreciation expense Equipment 5,800 Delivery expense 24,300 Insurance expense Interest expense 1,720 Interest revenue 1,140 Land 12,200 Merchandise inventory 99,970 Mortgage payable 56,000 Prepaid insurance 2,500 Property tax expense 1,400 Property taxes payable 800 Rent revenue 1,900 Salaries expense 41,500 Salaries payable 850 Sales Sales discounts 422,600 Sales returns and allowances 15,500 Unearned revenue 17,700 Utilities expense 22,000 2,200 Frepare a multigle-step income itatement for Brown Merchant for the year ended December 31, 2024: (List Other flevenuer before Other Expenses) ACC106 Final 01:06:22 Question 15 of 18 Question 15 of 18 01506:11 161 Q. Type here to searsi Question 15 of 18