The work sheet for Southgate Inc is shown below. Complete the classified multi-step income statement on the right ------ Accumulated Depreciation, Office Equipment Accumulated Depreciation, Office Fixtures Cost Of Goods Sold Depreciation Expense, Office Equipment Depreciation Expense, Office Fixtures Dividends Insurance Expense Liabilities Merchandise inventory Office Equipment Office Fixtures Office Supples Expense Rent expense, office space Rent expense, selling space Rent revenue Retained Eamings Sales Sales Discounts Sales Returns and Allowances Share Capital Store Supplies Expense Totals Net Loss Totals Debt Credit 70,000 17,000 19,000 33.500 38,500 54,500 37,500 15.500 9,500 133,500 162.500 Talanta ast Changes in Equity Credit Dub 12.000 70.000 412.500 188.000 61,000 22,500 310,000 160,000 191.000 67.000 357,000 296,000 682,500 743.500 61.000 61,000 357,000 357,000 743,500 743.500 X141 2141 204 x+ Net sales Gross profit from sales Operating expenses Selling expenses Bougnen. one we Total seling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Other revenues and expenses Dee