The work sheet for Gulf Corp. is shown below. Complete the classified multi-step income statement on the right. Accumulated Depreciation, Office Fixtures. Accumulated Depreciation, Office Furniture Cost Of Goods Sold Depreciation Expense, Office Fixtures Depreciation Expense, Office Furniture, Dividends Income Taxes Expense... Income Taxes Payable, Liabilities, Merchandise Inventory. Office Fixtures Office Furniture.... Office Salaries Expense, Rent Earned Rent expense, office space. Rent expense, selling space. Retained Earnings.. Sales Sales Discounts Sales Returns and Allowances Sales Salaries Expense, Share Capital Store Supplies Expense... Totals, Net Income Totals Income Statement Debit Credit 52,000 19,500 14,500 1,600 143,000 95,000 73,500 27,000 22,000 123,500 219,000 393,500 Balance Sheet and Statement of Changes in Equity Debit Credit 16,000 167,000 276,500 239,500 51,000 26,000 1,600 361,000 147,000 106,000 34,500 606,100 612,500 699,000 692,600 6,400 6,400 612,500 612,500 699,000 699,000 xxxx 71 Gulf Corp. Income Statement For the year ended December 31, 2014