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14 On December 31, 2016, the Income Statement section of the worksheet is shown below. The balance of Ally Logan's drawing account is $18,000. INCOME STATEMENT COLUMNS ACCOUNT NAME DEBIT CREDIT Income Summary 49,000 55,000 Sales 180,000 Sales Returns and Allowances 4,700 Interest Income 620 Purchases 73,000 Freight In 2,500 Purchases Returns and Allowances 1,500 2,100 Purchases Discounts Sales Salaries Expense 39,000 Office Salaries Expense 18,700 Office Supplies Expense 720 3,700 Utilities Expense Payroll Taxes Expense 1,300 Uncollectible Accounts Expense 1,400 Depr Expense Office Equipment 700 Totals 194,720 239,220 Net Income 44,500 $239,220 $239,220