The following is a list of the accounts and balances taken from the adjusted trial balance at December $31,2024,$ for Harris Merchants. Harris uses a perpetual inventory system and the earnings approach for revenue recognition. All accounts have normal balances.

Account

Balance

Dec. $31$

Accounts payable

$$15,500$

Accounts receivable

$31,100$

Accumulated depreciation$$building

$16,000$

Accumulated depreciation$$equipment

$10,500$

Advertising expense

$4,600$

Building

$84,300$

S$.$ Harris, capital

$67,000$

S$.$ Harris, drawings

$28,000$

Cash

$4,000$

Cost of goods sold

$235,200$

Depreciation expense

$5,800$

Equipment

$25,100$

Delivery expense

$620$

Insurance expense

$1,150$

Interest expense

$1,820$

Interest revenue

$1,240$

Land

$12,900$

Merchandise inventory

$103,350$

Mortgage payable

$57,000$

Prepaid insurance

$3,000$

Property tax expense

$1,200$

Property taxes payable

$800$

Rent revenue

$1,500$

Salaries expense

$41,200$

Salaries payable

$900$

Sales

$423,600$

Sales discounts

$15,000$

Sales returns and allowances

$18,000$

Unearned revenue

$24,200$

Utilities expense

$1,900$

Prepare a multiple$-$step income statement for Harris Merchant for the year ended December $31,2024.($List Other Revenues before Other Expenses.$)$

HARRIS MERCHANTS

Income Statement

choose the accounting period

Year Ended December $31,2024$

enter an opening name for section one

Sales