rk sheet for Benson Inc. is shown below. te the classified multi-step income statement on the right. Benson Inc. Income Statement For the year ended December 31, 2014 Balance Sheet and Statement of Changes in Equity Debit Credit 21,500 22,500 Net sales Gross profit from sales. Operating expenses Selling expenses 16.000 Income Statement Debit Credit Accumulated Depreciation, Store Equipment Accumulated Depreciation, Store Furniture Cost Of Goods Sold 64,000 Depreciation Expense, Store Equipment 19,500 Depreciation Expense, Store Furniture 9,500 Dividends Interest Expense 37,000 Liabilities Merchandise Inventory Office Salaries Expense 125,500 Rent expense, office space. 89,500 Rent expense, selling space 36,500 Rent revenue 153,500 Retained Earnings. Sales 241,000 Sales Discounts 27,500 Sales Returns and Allowances, 20,000 334,500 163,000 Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses 141,000 Other revenues and expenses Net sales Gross profit from sales, Operating expenses Selling expenses Total selling expenses General and administrative expenses Accumulated Depreciation, Store Equipment 21,500 Accumulated Depreciation, Store Furniture... 22,500 Cost Of Goods Sold. 64,000 Depreciation Expense, Store Equipment 19,500 Depreciation Expense, Store Furniture 9,500 Dividends 16.000 Interest Expense 37,000 Liabilities. 334,500 Merchandise Inventory 163,000 Office Salaries Expense 125,500 Rent expense, office space. 89,500 Rent expense, selling space 36,500 Rent revenue 153,500 Retained Earnings 141,000 Sales 241,000 Sales Discounts 27,500 Sales Returns and Allowances 20,000 Sales Salaries Expense 114,500 Share Capital 52,500 Store Equipment 176,000 Store Furniture 68.000 Totals 543,500 394,500 423,000 572,000 Net Loss 149,000 149,000 Totals 543,500 543,500 572,000 572,000 Total general and administrative expenses Total operating expenses Other revenues and expenses