Using the information in Problem 5-14A, prepare a classified multi-step income statement, like Exhibit 5A.3.
In Problem 5-14A

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Debit Credit S 3,500 31,400 1,715 645 3,960 57,615 Cash Merchandise inventory Store supplies Office supplies, Prepaid insurance Store equipment Accumulated depreciation, store equipment Office equipment Accumulated depreciation, office equipment.. Accounts payable Zen Woodstock, capital Zen Woodstock, withdrawals Rental revenue Sales Sales returns and allowances Sales discounts Purchases Purchase returns and allowances Purchase discounts Transportation-in Sales salaries expense Rent expense, selling space Advertising expense Store supplies expense Depreciation expense, store equipment Office salaries expense Rent expense, office space Office supplies expense Insurance expense Depreciation expense, office equipment Totals 6,750 13,100 6,550 4,000 52,000 31,500 14,600 501,520 2,915 5,190 ...331,315 2,140 4,725 3,690 34,710 24,000 6,400 27,630 13,000 S592,285 $592,285