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. Balance Dec. 31 Account 1 2 3 4 U ON Accounts payable Accounts receivable Accumulated depreciation-building Accumulated depreciation-equipment Advertising expense Building S. Meilleur, capital S. Meilleur, drawings Cash Depreciation expense Equipment $15.000 30.000 15.500 10.000 4,400 84,600 75,000 28,300 15.050 5,700 24,500 7 00 ON 10 11 1 12 3,200 13 670 14 15 16 17 18 Freight in Freight out Insurance expense Interest expense Interest revenue Land Merchandise inventory, beginning Mortgage payable Prepaid insurance Property tax expense Property taxes payable Purchase discounts Purchase returns and allowances Purchases 19 20 21 1,450 2,020 940 12,000 90,200 57.600 2.100 1.000 600 6,300 14.700 268,600 1.900 40.500 650 428.400 22 23 24 25 26 27 28 Rent revenue Salaries expense Salaries payable Sales Sales discounts 29 15.200 30 31 Sales returns and allowances 32 Unearned revenue 18,000 23,000 2,100 33 Utilities expense Additional information: According to the year-end physical count, the merchandise inventory had a balance of $104,900. Prepare a multiple-step income statement for Meilleur Merchants for the year ended December 31, 2021. MEILLEUR MERCHANTS Income Statement $