Problem 13-75 (Algo) The adjusted trial balance data given below is from the Morgan... The adjusted trial balance data given below is from the Morgan Company's worksheet for the year ended December 31, 20X1. The expense accounts numbered 611-615 represent selling expenses, and those numbered 621-631 represent general and administrative expenses. ADJUSTED TRIAL ACCT) BALANCE 100. ACCOUNT NAME 399 Income Summary DEBIT CREDIT 76,000 $5,500 401 Sales 420,000 451 Sales Returns and Allowances 5,600 491 Interest Income 920 501 Purchases 210,000 502 Freight In 4,700 503 504 Purchases Returns and Allowances 3,300 Purchases Discounts 3,600 611 Sales Salaries Expense 71,000 613 Advertising Expense 3,800 615 Travel Expense 13,200 621 office Salaries Expense 20,000 623 Office Supplies Expense 920 625 Utilities Expense 6,200 627 Payroll Taxes Expense 3,200 629 Uncollectible Accounts Expense 1,520 631 Depreciation Expense Office Equipment 720 691 Interest Expense 3,300 Prepare a classified income statement for the year ended December 31, 20x1 MORGAN COMPANY