The work sheet for Gulf Corp. is shown below. Complete the classified multi-step income statement on the right. Balance Sheet and Statement of Changes in Equity Income Statement Debit Credit Debit Credit 51,000 Accumulated Depreciation, Office Fixtures.... X X X X X Gulf Corp. Income Statement For the year ended December 31, 2014 Accumulated Depreciation, Office Furniture 26,000 Cost Of Goods Sold... 52,000 Depreciation Expense, Office Fixtures 19,500 Depreciation Expense, Office Furniture... 14,500 Dividends.. 16,000 Income Taxes Expense.. 1,600 Income Taxes Payable.. Liabilities. 1,600 361,000 Merchandise Inventory.. 167,000 Office Fixtures.... 276,500 Office Furniture... 239,500 Office Salaries Expense.. 143,000 Rent Earned 219,000 Rent expense, office space, 95,000 Rent expense, selling space. 73,500 Retained Earnings.... 147,000 Sales 393,500 Sales Discounts. 27,000 Sales Returns and Allowances. 22,000 Sales Salaries Expense... 123,500 Share Capital. 106,000 Store Supplies Expense. 34,500 Totals... Net Income Totals 606,100 612,500 699,000 692,600 6,400 612,500 612,500 699,000 699,000 6,400