3-Financial Statement Preparation - From the adjusted trial balance given below for the Grayson Company, prepare a multiple-step income statement. It categorizes the following accounts as selling expenses: Sales Salaries Expense, Depreciation Expense-Store Equipment, and Advertising Expense. It categorizes the remaining expenses as general and administrative. Grayson Company Adjusted Trial Balance December 31 Debit Credit Cash $19,500 Accounts receivable 27,000 Merchandise inventory 38,000 Office supplies 1,200 Store equipment 80,000 Accumulated depreciation-store equipment $25,000 Building 260,000 Accumulated depreciation-building 121,600 Accounts payable 28,500 Salaries payable N. Grayson, Capital 13,000 169,900 N. Grayson, Withdrawals Sales Sales discounts 45,000 450,000 8,000 Sales returns and allowances 24,500 Cost of goods sold 210,000 Sales salaries expense 39,000 Depreciation expense-store equipment 16,000 Depreciation expense-building 24,000 Advertising expense 12,300 Office supplies expense 3,500 Totals $ 808,000 $ 808,000