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 5 6 7 Account Accounts payable Accounts receivable Accumulated depreciation-building Accumulated depreciation-equipment Advertising expense Building S. Meilleur, capital S. Meilleur, drawings Cash Cost of goods sold Depreciation expense Equipment Freight out Insurance expense Interest expense Balance Dec. 31 $15,000 30,000 15,500 10,000 4,100 84,600 75,000 28,300 4,500 234,500 5.700 24,500 620 1,050 1,720 8 9 10 11 12 13 14 15 14 15 16 17 18 19 20 21 22 Insurance expense Interest expense Interest revenue Land 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 1,050 1,720 940 12,000 105,000 57,600 2,100 1,000 600 1,400 41,000 650 419,200 15,000 17,500 23,000 1,700 23 24 25 26 27 28 29 30 Prepare a multiple-step income statement for Meilleur Merchant for the year ended December 31, 2021. MEILLEUR MERCHANTS Income Statement GA