The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. Prepare a classified income statement for this firm for the year ended December 31, 20X1. The merchandise inventory amounted to $59,675 on January 1, 20X1, and $52,625 on December 31, 20X1. 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 $248,200 Cr. 4,340 Dr. 390 Cr. 103,500 Dr. 1,965 Dr. 3,590 Cr. 1,790 Cr. 45,200 Dr. 2,300 Dr. 1,500 Dr. 13,400 Dr. 2,990 Dr. 21,000 Dr. 5,900 Dr. 560 Dr. 710 Dr. 720 Dr. BRIDGET'S OFFICE SUPPLIES Balance Sheet Assets Current Assets Prepaid Expenses 0 $ HA 0 Total Current Assets Plant and Equipment Store equipment Office equipment 0 $ 0 Total Plant and Equipment Total Assets Liabilities and Owner's Equity Current Liabilities $ 0 Total Current Liabilities Owner's Equity Total Liabilities and Owner's Equity $