The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,975 on January 1, 2019, and $51,925 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	$	246,000	Cr.
451	Sales Returns and Allowances		4,270	Dr.
491	Miscellaneous Income		320	Cr.
501	Purchases		102,800	Dr.
502	Freight In		1,895	Dr.
503	Purchases Returns and Allowances		3,520	Cr.
504	Purchases Discounts		1,720	Cr.
611	Salaries ExpenseSales		44,500	Dr.
614	Store Supplies Expense		2,230	Dr.
617	Depreciation ExpenseStore Equipment		1,430	Dr.
631	Rent Expense		12,700	Dr.
634	Utilities Expense		2,920	Dr.
637	Salaries ExpenseOffice		20,300	Dr.
640	Payroll Taxes Expense		5,200	Dr.
643	Depreciation ExpenseOffice Equipment		490	Dr.
646	Uncollectible Accounts Expense		640	Dr.
691	Interest Expense		580	Dr.

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