The following is a list of the accounts and balances taken from the adjusted trial balance at December 31 2021 for Meilleur Merchants. Meilleur uses a perpetual inventory system and the earnings approach for revenue recognition. The list of accounts is in alphabetical order. All accounts have normal balances. 1 2 3 4 Account Accounts payable Accounts receivable Accumulated depreciation-building Accumulated depreciation equipment Advertising expense Building S. Meilleur capital S. Meilleur, drawings Cash Balance Dec. 31 $15,000 30,000 15,500 10,000 4,500 84,600 75.000 28,300 4,500 5 6 7 8 9 10 Activate Win co to Settings net novice 5 Advertising expense 6 Building 7 S. Meilleur, capital 8 S. Meilleur, drawings 9 Cash 10 Cost of goods sold 11 Depreciation expense 12 Equipment 13 Freight out 14 Insurance expense 15 Interest expense 16 Interest revenue 17 Land 18 Merchandise inventory 19 Mortgage payable 20 Prepaid insurance 21 Property tax expense 22 Property taxes payable 4,500 84.600 75,000 28,300 4,500 234,600 6,200 24,500 640 1.250 2,020 1.440 12.000 105,000 57,600 2,100 1,500 600 18 19 20 21 22 23 24 Merchandise inventory Mortgage payable Prepaid insurance Property tax expense Property taxes payable Rent revenue Salaries expense Salaries payable Sales Sales discounts Sales returns and allowances Unearned revenue Utilities expense 105,000 57,600 2,100 1,500 600 1,500 41,000 650 422400 15,200 18,000 23,000 1.900 25 26 27 28 29 30 Prepare a multiple step income statement for Meilleur Merchant for the year ended December 31, 2021