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 29 NO. ACCOUNT NAME DEBIT CREDIT 399 Income Summary 71,000 401 Sales 63,000 370,000 451 Sales Returns and Allowances 5,100 491 Interest Income 870 501 Purchases 185,000 502 Freight In 4,200 503 Purchases Returns and Allowances 2,800 504 Purchases Discounts 3,100 611 Sales Salaries Expense 66,000 613 Advertising Expense 3,300 615 Travel Expense 12,700 621 Office Salaries Expense 19,500 623 Office Supplies Expense 625 Utilities Expense 627 Payroll Taxes Expense 629 Uncollectible Accounts Expense 631 Depreciation Expense Office Equipment 691 Interest Expense 870 5,700 2,700 1,470 670 2,000 Prepare a classified income statement for the year ended December 31, 20X1. MORGAN COMPANY Income Statement Year Ended December 31, 20X1 Inneration Prepare a classified income statement for the year ended December 31, 20X1. MORGAN COMPANY Income Statement Year Ended December 31, 20X1 Operating revenue Net sales Cost of goods sold Delivered cost of purchases Net delivered cost of purchases Total merchandise available for sale Operating expenses Selling expenses Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Net income from operations Other income Other expense Net non-operating expenses +