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.

		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		4,400
6		Building		84,600
7		S. Meilleur, capital		75,000
8		S. Meilleur, drawings		28,300
9		Cash		4,500
10		Cost of goods sold		235,400
11		Depreciation expense		6,100
12		Equipment		24,500
13		Freight out		640
14		Insurance expense		1,150
15		Interest expense		2,020
16		Interest revenue		1,440
17		Land		12,000
18		Merchandise inventory		105,000
19		Mortgage payable		57,600
20		Prepaid insurance		2,100
21		Property tax expense		1,100
22		Property taxes payable		600
23		Rent revenue		1,600
24		Salaries expense		41,100
25		Salaries payable		650
26		Sales		419,700
27		Sales discounts		15,400
28		Sales returns and allowances		17,500
29		Unearned revenue		23,000
30		Utilities expense		2,100

Prepare a multiple-step income statement for Meilleur Merchant for the year ended December 31, 2021.

MEILLEUR MERCHANTS Income Statement For the Year Ended December 31, 2021December 31, 2021For the Month Ended December 31, 2021
Salaries ExpenseNet SalesSalesFreight-out ExpenseCost of Goods SoldSales DiscountsSales Returns and AllowancesInterest RevenueInterest Expense				$
AddLess:
			$
Sales
Sales DiscountsInterest ExpenseSalaries ExpenseFreight-ou
Net Non-operating RevenuesOperating ExpensesProfit from OperationsTther Revenue
DrawingsOther ExpensesNet Non-operating RevenuesOther Revenuestment
Advertising ExpenseDepreciation ExpenseInsurance Exp
Salaries ExpenseInterest RevenueDepreciation Expen
Interest RevenueUtilities ExpenseInterest ExpenseAdvertis
Utilities ExpenseSalaries ExpenseFreight-out ExpenseDepreciatio
Property Tax ExpenseInterest RevenueUtilities ExpenseAdvertising ExpenseInteres
Utilities ExpenseSalaries ExpenseInterest RevenueD
Advertising ExpenseProperty Tax ExpenseInsurance ExpenseUtilities Expense
Net Non-operating RevenuesDrawingsOther ExpensesProfit from OperationsGross Profit / (Loss)Operat
Gross Profit / (Loss)Profit from Operatio
Other ExpensesProfit from OperationsCapital, December 31,
Interest ExpenseSalaries ExpenseSalesRent RevenueDepreciation Expst Revenue		$
Salaries ExpenseInterest ExpenseCost of Goods SoldSales DiscountsRent Revenu Expense
Net Profit / (Loss
Rent RevenueCost of Goods SoldInterest ExpenseAdvertising ExpenseInter
Net Non-operating Revenue				$