The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,875 on January 1, 2016, and $51,825 on December 31, 2016. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses.

Accounts
401	Sales	$	245,800	Cr.
451	Sales Returns and Allowances		4,260	Dr.
491	Miscellaneous Income		310	Cr.
501	Purchases		102,700	Dr.
502	Freight In		1,885	Dr.
503	Purchases Returns and Allowances		3,510	Cr.
504	Purchases Discounts		1,710	Cr.
611	Salaries ExpenseSales		44,400	Dr.
614	Store Supplies Expense		2,220	Dr.
617	Depreciation ExpenseStore Equipment		1,420	Dr.
631	Rent Expense		12,600	Dr.
634	Utilities Expense		2,910	Dr.
637	Salaries ExpenseOffice		20,200	Dr.
640	Payroll Taxes Expense		5,100	Dr.
643	Depreciation ExpenseOffice Equipment		480	Dr.
646	Uncollectible Accounts Expense		630	Dr.
691	Interest Expense		560	Dr.

Prepare a classified income statement for this firm for the year ended December 31, 2016.