The worksheet of Lantz'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 $59,775 on January 1, 20X1, and $52,725 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 $265,950 Cr. 451 Sales Returns and Allowances 4,350 Dr. 491 Miscellaneous Income 400 Cr. 501 Purchases 108,600 Dr. 502 Freight In 1,975 Dr. 503 Purchases Returns and Allowances 3,600 Cr. 504 Purchases Discounts 1,800 Cr. 611 Salaries Expense-Sales 45,300 Dr. 614 Store Supplies Expense 2,310 Dr. 617 Depreciation Expense-Store Equipment 1,510 Dr. 631 Rent Expense 13,500 Dr. 634 Utilities Expense 6,200 Dr. 637 Salaries Expense-Office 21,100 Dr. 640 Payroll Taxes Expense 5,800 Dr. 643 Depreciation Expense-Office Equipment 570 Dr. 646 Uncollectible Accounts Expense 720 Dr. 691 Interest Expense 740 Dr