5 Classification of Accounts: Income Statement Using the classification scheme below for a multistep income statement, match each account with the letter of the category in which it belongs. a. Net sales b. Cost of goods sold c. Selling expenses d. General and administrative expenses e. Other revenues and expenses f. Not on income statement 1. Purchases 2. Sales Discounts 3. Merchandise Inventory (beginning) 4. Interest Income 5. Advertising Expense 6. Office Salaries Expense 7. Freight Out Expense 8. Prepaid Insurance 9. Utilities Expense 10. Sales Salaries Expense 11. Rent Expense 12. Purchases Returns and Allowances 13. Freight In 14. Depreciation Expense, Delivery Equipment 15. Taxes Payable 16. Interest Expense