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		4,500
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		235,300
11		Depreciation expense		6,200
12		Equipment		24,500
13		Freight out		650
14		Insurance expense		1,450
15		Interest expense		2,120
16		Interest revenue		1,040
17		Land		12,000
18		Merchandise inventory		105,000
19		Mortgage payable		57,600
20		Prepaid insurance		2,100
21		Property tax expense		1,300
22		Property taxes payable		600
23		Rent revenue		1,900
24		Salaries expense		42,000
25		Salaries payable		650
26		Sales		421,900
27		Sales discounts		15,400
28		Sales returns and allowances		18,000
29		Unearned revenue		23,000
30		Utilities expense		1,800

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