Question 4 (50 points] The work sheet for Global Filter Corp. is shown below. Complete the classified multi-step income statement on the right Global Filter Corp Income Statement For the year ended December 31, 2014 Net sales X + Gross profit from sales Operating expenses Selling expenses Total selling expenses General and administrative expenses Balance Sheet and Income Statement of Statement Changes in Equity Debit Credit Debit Credit Accumulated Depreciation, Office Furniture 16,500 Accumulated Depreciation, Store Equipment 44,000 Cost Of Goods Sold 79.500 Depreciation Expense, Office Furniture 9,000 Depreciation Expense, Store Equipment 9,000 Dividends 29,500 Insurance Expense 18,000 Liabilities 244,500 Merchandise Inventory 170,500 Office Furniture 114,500 Office Salaries Expense 120.000 Office Supplies Expense 32,000 Rent revenue 125,500 Retained Earnings 129,500 Sales 289,500 Sales Discounts 6,500 Sales Returns and Allowances 19,000 Sales Salaries Expense 55,500 Share Capital 87.500 Store Equipment 182,500 Store Supplies Expense 91.500 Totals 440,000 415,000 497,000 522,000 Net Loss 25,000 25,000 Totals 440,000 440,000 522,000 $22,000 Total general and administrative expenses Total operating expenses Other revenues and expenses