The following is a list of the accounts and balances taken from the adjusted trial balance at December 31,2024 , for Andersor Merchants. All accounts have normal balances. Anderson uses a periodic inventory system and the earnings approach to recognize revenue. Building 84,600 S. Anderson, capital 75,000 S. Anderson, drawings 28,300 Cash 5,950 Depreciation expense 6,100 Equipment Freight in 24,500 Delivery expense 3,400 Insurance expense 670 Interest expense 1,550 Interest revenue 2,220 Land 1,140 12,000 Merchandise inventory, beginning 90,200 Mortgage payable 57,600 Prepaid insurance 2,100 Property tax expense 1,400 Property taxes payable 600 Purchase discounts 6,300 Purchase returns and allowances 14,500 Purchases Rent revenue 269,100 Salaries expense 1,800 Salaries payable 40,200 Sales 650 Salaries payable 650 Sales 420,500 Sales discounts 15,500 Sales returns and allowances 17,800 Unearned revenue 23,000 Utilities expense 1,700 ANDERSONMERCHANTS Income Statement $