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The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,175 on January 1, 2019, and

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The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,175 on January 1, 2019, and $51,125 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 451 Sales Returns and Allowances 491 Miscellaneous Income 501 Purchases 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense-Sales 614 Store Supplies Expense 617 Depreciation Expense-Store Equipment 631 Rent Expense 634 Utilities Expense 637 Salaries Expense-Office 640 Payroll Taxes Expense 643 Depreciation Expense-Office Equipment 646 Uncollectible Accounts Expense 691 Interest Expense $244,400 Cr. 4,190 Dr. 240 Cr. 102,000 Dr. 1,815 Dr. 3,440 Cr. 1,640 Cr. 43,700 Dr. 2,150 Dr. 1,350 Dr. 11,900 Dr. 2,840 Dr. 19,500 Dr. 4,400 Dr. 410 Dr. 560 Dr. 420 Dr. Prepare a classified income statement for this firm for the year ended December 31, 2019. BRIDGET'S OFFICE SUPPLIES Income Statement Operating revenue Sales Less: Sales returns and allowance Net sales Cost of goods sold Merchandise inventory, January 1, 2019 Purchases Freight in Cost of goods sold Purchases returns and allowance Purchases discounts 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

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