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On December 31, 2016, the Income Statement section of the worksheet is shown below. The balance of Ally Logan's drawing account is $16,000. INCOME STATEMENT COLUMNS ACCOUNT NAME DEBIT CREDIT Income Summary 47,000 53,000 Sales 170,000 Sales Returns and Allowances 4,500 Interest Income 600 71,000 Purchases Freight In 2,300 Purchases Returns and Allowances 1,300 Purchases Discounts 1,900 37,000 Sales Salaries Expense Office Salaries Expense 18,500 Office Supplies Expense 700 Utilities Expense 3,500 Payroll Taxes Expense 1,100 Uncollectible Accounts Expense 1,200 Depr Expense Office Equipment 600 Totals 187,400 226,800 39,400 Net Income $226,800 $226,800