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1 CALCULATOR HERE Problem SA 4A al-a3b-c (Part Level Submission) The Sage Store is located in midtown Madison. During the past several years, net income

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1 CALCULATOR HERE Problem SA 4A al-a3b-c (Part Level Submission) The Sage Store is located in midtown Madison. During the past several years, net income has been declining because of suburban shopping centers. At the end of the company's fiscal year on November 30, 2017, the following accounts appeared in two of its trial balances Unadjusted Adjusted Unadjusted Adjusted Accounts Payable $ 26,200 $ 26,200 Prepaid Insurance $10,700 $3,300 Accounts Receivable 28,900 28,900 Property Tax Expense 2,500 Accumulated Dep. - Equipment 35,200 45,400 Property Taxes Payable 2,500 Cash 26,900 26,900 Purchases 535,000 535,000 Depreciation Expense 10,200 Purchase Discounts 7,000 7,000 Equipment 149,000 149,000 Purchase Returns and Allowances 3,500 3,600 Freight-In 6,700 6,700 Rent Expenses 15,000 15,000 Insurance Expense 7,400 Salaries and Wages Expense 99,000 99,000 Interest Expense 6,700 6,700 Sales Commissions Expense 6,900 10,600 Interest Revenue 8,200 8,200 Sales Commissions Payable 3,700 Inventory 18,300 18,300 Sales Returns and Allowances 8,000 8,000 Notes payable 36,800 36,800 Sales Revenue 720,000 720,000 92,600 Owner's Capital 92,600 Utilities Expense 8,700 8,700 Owner's Drawings 9,800 9,800 (a1) Prepare a multiple step income statement. Inventory at November 30, 2017, is $29,800. (List other revenues before other expenses.) mmmmmmm >>>> ) IN

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