The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,675 on January 1, 2019, and $51,625 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses.

	Accounts
401	Sales	$	245,400	Cr.
451	Sales Returns and Allowances		4,240	Dr.
491	Miscellaneous Income		290	Cr.
501	Purchases		102,500	Dr.
502	Freight In		1,865	Dr.
503	Purchases Returns and Allowances		3,490	Cr.
504	Purchases Discounts		1,690	Cr.
611	Salaries ExpenseSales		44,200	Dr.
614	Store Supplies Expense		2,200	Dr.
617	Depreciation ExpenseStore Equipment		1,400	Dr.
631	Rent Expense		12,400	Dr.
634	Utilities Expense		2,890	Dr.
637	Salaries ExpenseOffice		20,000	Dr.
640	Payroll Taxes Expense		4,900	Dr.
643	Depreciation ExpenseOffice Equipment		460	Dr.
646	Uncollectible Accounts Expense		610	Dr.
691	Interest Expense		520	Dr.

Prepare a classified income statement for this firm for the year ended December 31, 2019.

BRIDGET'S OFFICE SUPPLIES Income Statement Operating revenue Net sales Cost of goods sold Total merchandise available for sale Operating expenses Selling expenses Total Selling Expense General and Administrative Expenses Total general and admin. expenses Total operating expenses Other income Other expense