View Policies Current Attempt in Progress The following is a list of the accounts and balances taken from the adjusted trial balance at December 31 2021 for Meilleur Merchants. Meilleur uses a perpetual inventory system and the earnings approach for revenue recognition. The list of accounts is in alphabetical order. All accounts have normal balances. Balance Dec 31 $15.000 30.000 1 2 3 3 15.500 4 Account Accounts payable Accounts receivable Accumulated depreciation-building Accumulated depreciation equipment Advertising expense Building S. Meilleur capital S. Meilleur, drawings 10,000 5 4.600 OS 84.600 7 75.000 28,300 8 9 10 Cash 4,500 235,200 11 5.800 Cost of goods sold Depreciation expense Equipment Freight out 12 24,500 13 620 14 Insurance expense 1.150 15 Interest expense 1.820 16 Interest revenue 1.240 16 Interest revenue 1.240 17 Land 12.000 18 105.000 19 57,600 20 2.100 21 1,200 Merchandise inventory Mortgage payable Prepaid insurance Property tax expense Property taxes payable Rent revenue Salaries expense Salaries payable 22 600 1.500 23 24 41.200 25 650 26 Sales 423,600 27 15.000 28 Sales discounts Sales returns and allowances Unearned revenue Utilities expense 29 18.000 23.000 1.900 30 Prepare a multiple-step income statement for Meilleur Merchant for the year ended December 31, 2021. MEILLEUR MERCHANTS Income Statement $ Interest Revenue Cost of Goods Sold Sales Sales Returns and Allowances Salarles Expense Net Sales Interest Expense Sales Discounts Freight-out Expense >