Requirement 7. Prepare Murphy Delivery Service's income statement and statement of retained earnings for the month ended December 31, 2024, and the classified balance sheet on that date. On the income statement, list expenses in decreasing order by amount-that is, the largest expense first, the smallest expense last Begin by preparing the income statement. List expenses in decreasing order by amount-that is, the largest expense first, the smallest expense last Review the Income Statement columns of the worksheet completed in Requirement 4 Murphy Delivery Service