10. The adjusted trial balance data given below is from the Morgan Company's worksheet for the year ended December 31, 2016. Prepare a proper income statement for the year ended December 31, 2016. The expense accounts numbered 611-615 represent selling expenses, and those numbered 621-631 represent general and administrative expenses. ADJUSTED TRIAL ACCT NO ACCOUNT NAME 399 Income Summary BALANCE DEBIT CREDIT 62,000 401 Sales $7,000 250,000 451 Sales Returns and Allowances 4,500 491 Interest Income 750 501 Purchases 125,000 502 Freight In 3,000 503 Purchases Returns and Allowances 1,600 504 Purchases Discounts 1.900 611 Sales Salaries Expense $9,000 613 Advertising Expense 2,100 615 Travel Expense 11,500 621 Office Salaries Expense 18,300 623 Office Supplies Expense 750 625 4,500 Utilities Expense 627 Payroll Taxes Expense 1.500 629 Uncollectible Accounts Expense 1,350 631 Depreciation Expense-Office Equipment 550 691 Interest Expense 1,600 What's your take on the company's performance? Would you be satisfied with such and why? What would you do in their place? Page Break 11. The adjusted trial balance data given below is from Cameron White