Using the information in the Unadjusted Trial Balance at December 31, 2019 below prepare an Income Statement up to and including the Gross Profit line at December 31, 2019. The company uses a periodic inventory system and prepares financial statements annually Accounts payable......... Accounts receivable... Accumulated depreciation Vehicles. Capital (Proprietor)...... Cash............ Depreciation expense... Merchandise inventory..... Office supplies expense....... Purchase discounts........... Purchase returns and allowance... Purchases......... Rent expense... Salaries expense.... Sales discounts........... Sales returns and allowances.. Sales............. Transportation in.......... Transportation out (to customer). $ 45,699 6,900 18,000 6,986CR 21,345 2,000 35,288 1,200 1,400 2,600 109,400 18,000 60,000 4,560 7,000 235,500 7,000 3,780 Merchandise inventory............ 35,288 Office supplies expense..... 1,200 Purchase discounts......... 1,400 Purchase returns and allowance.. 2,600 Purchases............. 109,400 Rent expense...... 18,000 Salaries expense.. 60,000 Sales discounts..... 4,560 Sales returns and allowances... 7,000 Sales......... 235,500 Transportation in..... 7,000 Transportation out (to customer).. 3,780 Vehicles.............. 40,000 Withdrawals 2,000 (NOTE THAT ALL ACCOUNTS HAVE THEIR NORMAL DEBIT OR CREDIT A physical count shows the cost of ending inventory at December 31, 7 A BIT Ff E = EE # & Using the information in the Unadjusted Trial Balance at December 31, 2019 below prepare an Income Statement up to and including the Gross Profit line at December 31, 2019. The company uses a periodic inventory system and prepares financial statements annually Accounts payable......... Accounts receivable... Accumulated depreciation Vehicles. Capital (Proprietor)...... Cash............ Depreciation expense... Merchandise inventory..... Office supplies expense....... Purchase discounts........... Purchase returns and allowance... Purchases......... Rent expense... Salaries expense.... Sales discounts........... Sales returns and allowances.. Sales............. Transportation in.......... Transportation out (to customer). $ 45,699 6,900 18,000 6,986CR 21,345 2,000 35,288 1,200 1,400 2,600 109,400 18,000 60,000 4,560 7,000 235,500 7,000 3,780 Merchandise inventory............ 35,288 Office supplies expense..... 1,200 Purchase discounts......... 1,400 Purchase returns and allowance.. 2,600 Purchases............. 109,400 Rent expense...... 18,000 Salaries expense.. 60,000 Sales discounts..... 4,560 Sales returns and allowances... 7,000 Sales......... 235,500 Transportation in..... 7,000 Transportation out (to customer).. 3,780 Vehicles.............. 40,000 Withdrawals 2,000 (NOTE THAT ALL ACCOUNTS HAVE THEIR NORMAL DEBIT OR CREDIT A physical count shows the cost of ending inventory at December 31, 7 A BIT Ff E = EE # &