Following Is a Random List of Accounts with Normal Balances

Essay

Following is a random list of accounts with normal balances for the Sisco Merchandising as of December 31, 2019. All adjusting entries have been made. Closing entries have not been made. $$\begin{array} { l r } \text { C. Sisco, Capital } & \$ 159,000 \\\text { Land } & 80,000 \\\text { Sales discounts } & 18,000 \\\text { Supplies expense } & 9,000 \\\text { Interest revenue } & 14,000 \\\text { Mortgage payable } & 80,000 \\\text { Cash } & 22,000 \\\text { Accounts receivable } & 34,000 \\\text { Unearned service revenue } & 11,000 \\\text { Salary expense } & 23,000 \\\text { Accounts payable } & 36,000 \\\text { Accumulated amort -building } & 17,000 \\\text { Equipment } & 46,000 \\\text { Prepaid insurance } & 8,000 \\\text { Interest expense } & 6,000 \\\text { C. Sisco, Withdrawals } & 15,000 \\\text { Sales revenue } & 285,000 \\\text { Interest receivable } & 5,000 \\\text { Inventory } & 28,000 \\\text { Accumulated amort -equipment } & 12,000 \\\text { Insurance expense } & 21,000 \\\text { Salary payable } & 6,000 \\\text { Supp lies } & 4,000 \\\text { Cost of goods sold } & 156,000 \\\text { Sales returns \& allowances } & 13,000 \\\text { Amortization expense-building } & 8,000 \\\text { Amortization expense-equipment } & 8,000 \\\text { Interest payable } & 14,000 \\\text { Utilities expense } & 8,000 \\\text { Delivery expense } & 7,000 \\\text { Building } & 115,000\end{array}$$ Prepare a single-step income statement for Sisco Merchandising for the year ended December 31, 2019.