The worksheet of Alec's Office Supplies contains the following revenue, cost, and expense accounts. Prepare a classified income statement for this firm for the year ended December 31, 2013. The merchandise inventory amounted to $58,775 on January 1, 2013, and $51,725 on December 31, 2013. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses.

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ACCOUNTS 401 Sales 451 Sales Returns and Allowances 491 Miscellaneous Income 501 Purchases $245,600 Dr 4,250 Dr 300 Cr 102,600 Dr ACCOUNTS ICONT 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense Sales 614 Store Supplies Expense 617 Depreciation Expense-Store Equipment 631 Rent Expense 634 Utilities Expense 637 Salaries Expense-Office 640 Payroll Taxes Expense 643 Depreciation Expense Office Equipment 646 Uncollectible Accounts Expense 691 Interest Expense 1,875 Dr 3,500 Cr 1,700 Cr 44,300 Dr 2,210 Dr ,410 Dr 12,500 D 2,900 Dr 20,100 D 5,000 Dr 470 Dr 620 Dr 540 Dr