The adjusted trial balance data given below is from the Morgan Company’s worksheet for the year ended December 31, 2019. The expense accounts numbered 611-615 represent selling expenses, and those numbered 621-631 represent general and administrative expenses.

ACCT.		ADJUSTED TRIAL BALANCE
NO.	ACCOUNT NAME		DEBIT		CREDIT
399	Income Summary		73,000		64,000
401	Sales				390,000
451	Sales Returns and Allowances		5,300
491	Interest Income				890
501	Purchases		195,000
502	Freight In		4,400
503	Purchases Returns and Allowances				3,000
504	Purchases Discounts				3,300
611	Sales Salaries Expense		68,000
613	Advertising Expense		3,500
615	Travel Expense		12,900
621	Office Salaries Expense		19,700
623	Office Supplies Expense		890
625	Utilities Expense		5,900
627	Payroll Taxes Expense		2,900
629	Uncollectible Accounts Expense		1,490
631	Depreciation Expense - Office Equipment		690
691	Interest Expense		3,000

Prepare a classified income statement for the year ended December 31, 2019.