Problem $13\mathrm{.}2$A $($Algo$)$ Preparing classified financial statements. LO $13-1,13-2,13-3$

Good to Go Auto Products distributes automobile parts to service stations and repair shops. The adjusted trial balance data that follows is from the firm's worksheet for the year ended December $31,20$X$1.$

Required:

Prepare a classified income statement for the year ended December $31,201.$ The operating expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses. Please note that the January $1$ Merchandise Inventory balance is located in the debit column of the Income Summary account on the adjusted trial balance.