Presented below are the main section headings of the income statement:

a. Sales ^

b. Fees earned e

c. Other revenues f REQUIRED: Classify the following descriptions under the appropriate headings and prepare an income statement in proper form without account balances. 1. Office salary expense 10. Income from dividends on 2. Sales of services provided investments 3. Insurance expense 11. Advertising expense 4. Sales of inventories 12. Loss on sale of building 5. Salesmen commission expense 13. Interest expense on outstanding loans 6. Depreciation expense 14. Cost of sold inventories 7. Office supplies expense 15. Gain on sale of short-term investments 8. Loss on sale of equipment 9. Income from interest on savings account