Instructions Labels and Amount Descriptions Income Statement Instructions On March 31, 2014, the balances of the accounts appearing in the ledger of Danns Furnishings Company, a furniture wholesaler, are as follows: Accumulated Depreciation-Building $419,000 Administrative Expenses 302,000 Building 1,397,000 Cash 98,000 Cost of Merchandise Sold 2,123,000 Interest Expense 6,000 Kathy Melman, Capital 887,000 Kathy Melman, Drawing 98,000 Merchandise Inventory 547,000 40.000