The following is a list of the accounts and balances taken from the adjusted trial balance at December 31, 2021 for, Meilleur Merchants. The list of accounts is in alphabetical order. All accounts have normal balances. Meilleur uses a periodic inventory system and the earnings approach to recognize revenue. Account 1 Accounts payable 2 Accounts receivable 3 Accumulated depreciation-building 4 Accumulated depreciation equipment 5 Advertising expense 6 Building 7 S. Meilleur, capital 8 S. Meilleur, drawings 9 Cash 10 Depreciation expense 11 Equipment 12 Freight in 13 Freight out 14 Insurance expense 15 Interest expense 16 Interest revenue 17 Land 18 Merchandise inventory, beginning 19 Mortgage payable 20 Prepaid insurance 21 Property tax expense 22 Property taxes payable 23 Purchase discounts 24 Purchase returns and allowances 25 Purchases 26 Rent revenue 27 Salaries expense 28 Salaries payable Balance Dec. 31 $15.000 30,000 15,500 10,000 4,100 84,600 75.000 28,300 11,770 5,900 24,500 3.200 650 1,250 2,220 1,340 12.000 90,200 57,600 2,100 1.200 600 6,300 14,800 268.100 1.800 40.000 650 29 Sales 30 Sales discounts 31 Sales returns and allowances 32 Unearned revenue 33 Utilities expense 423.900 15,500 17,900 23,000 2,000 Additional information: According to the year-end physical count, the merchandise inventory had a balance of $104,500. Prepare a multiple-step income statement for Meilleur Merchants for the year ended December 31, 2021. MEILLEUR MERCHANTS Income Statement