Indicate the work sheet columns (Income Statement Debit, Income Statement Credit, Balance Sheet Debit, Balance Sheet Credit) in which the balances of the following accounts should appear: a. S. Moon, Drawing b. Utilities Expense c. Merchandise Inventory (ending) d. Purchases Discounts e. Unearned Rent f. Sales Returns and Allowances g. Accumulated Depreciation, Equipment h. Income Summary i. Service Income j. Prepaid Insurance

Please solve the following question. Using the accounts below, prepare a basic Income Statement. All accounts will be used once. Use the example below to help with the solution Cost of Goods Sold General & Admininstrative Expense Interest Expense Net Sales Revenue Net Sales COGS Selling Expense Wages Expense Gross Profit or Margin Operating Expenses: Selling Exp General & Admininstrative Exp Research & Development Exp Insurance Exp Here an example of this type of question that you can use to help with the solution Income Statement For Year Ending Dec. 31, 2022 Wages Exp Depreciation, Amortization, & Depletion Exp Total Operating Expenses Operating Income Other Income/Loss: Interest Income Gain on Sale of Asset Loss on Sale of Asset Interest Expense Income before Taxes Income Tax Expense $ $ $ $ $ $ Net Income 22,000 15,000 2,200 100,000 $ 10,000 5,000 $1,000,000 (450,000) 550,000 15,000 225,000 5,000 7,500 85,000 20,000 357,500 192,500 20,000 5,000 (5,000) (10,000) 202,500 (142,500)…

___________The account used under periodic system to record returns of purchased goods to the supplier.