Prepare a classified income statement. The firm does not divide its operating expenses into selling and administrative expenses. Programs Plus is a retall firm that sells computer programs for home and business use. Programs Pius operates in a state with no sales tax. On December 31, 20x1, its general ledger contained the accounts and balancer shown below: The data needed for the adjustments on December 31 are as follows o-b. Ending merchandise inventory, 569,350 c. Uncollecibie occounts. 05 percent of net credit soles of $260.000. d. Supples on hand December 31,51,770 e. Expired insurance, $2.690 f. Depreciotion Expense-Equipment, $11,600 9. Accrued interest experise on notes payable, $1,825 h. Accrued fadanes, \$5,000 1. Social Security Tox Poyobie 652 percent and Medicare Tax Payable (1 45 percent of acciued saiaries The following accounts had zero balancesh - Salarnes Payable. - interest Payable - income Surirmary - Supplies Expense - insurance Expense. - Depreciaton Expense. Equipment - Uncosectible Accounts Expense The data needed for the adjustments on December 31 are as follows: a.-b. Ending merchandise inventory, $69.350. c. Uncollectible accounts, 0.5 percent of net credit sales of $260,000. d. Supplies on hand December 31,$1.770. e. Expired insurance, $2,690. 1. Depreclation Expense-Equlpment, $11,600. g. Accrued interest expense on notes payable, \$1.825. h. Accrued salaries, $5,100. I. Soclal Security Tex Payable (6.2 percent) and Mecleare Tex Payable (1.45 percent) of accrued salaries. The following accounts had zero balances: - Salaries Payable - Interest Payable - Income Summary - Supplies Expense - Insurance Expense - Depreciation Expense-Equipment - Uncollectible Accounts Expense