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		Balance Dec. 31
1		Accounts payable		$15,000
2		Accounts receivable		30,000
3		Accumulated depreciationbuilding		15,500
4		Accumulated depreciationequipment		10,000
5		Advertising expense		4,500
6		Building		84,600
7		S. Meilleur, capital		75,000
8		S. Meilleur, drawings		28,300
9		Cash		10,480
10		Depreciation expense		6,200
11		Equipment		24,500
12		Freight in		3,200
13		Freight out		640
14		Insurance expense		1,250
15		Interest expense		1,720
16		Interest revenue		1,440
17		Land		12,000
18		Merchandise inventory, beginning		90,200
19		Mortgage payable		57,600
20		Prepaid insurance		2,100
21		Property tax expense		1,100
22		Property taxes payable		600
23		Purchase discounts		6,300
24		Purchase returns and allowances		14,600
25		Purchases		268,100
26		Rent revenue		1,500
27		Salaries expense		40,400
28		Salaries payable		650
29		Sales		423,100
30		Sales discounts		15,400
31		Sales returns and allowances		17,800
32		Unearned revenue		23,000
33		Utilities expense		1,800

Additional information: According to the year-end physical count, the merchandise inventory had a balance of $104,700. Prepare a multiple-step income statement for Meilleur Merchants for the year ended December 31, 2021.