1 North South University School of Business, BBA ASY 2. The following accounts appeared in the trial balance of the Nortlake Co. at the end of the fiscal year on June 30, 2021, 5 25300 3050 45000 S 30300 101,700 7500 Accounts payable Accounts receivable Accumulated Depreciation - Equipment Cash Cost of goods sold Freight-out Equipment Depreciation Expense 51000 457.000 4700 206300 13500 3600 3800 2500 22000 135000 Notes Payable Owner's capital Loss on disposal of Equipment Prepaid Insurance Property tax Expense Property taxes payable Rent Expense Salaries and wages expense Sales revenue Sales commissions Expense Sales commissions payable Sales returns and allowances Utilities Expense Insurance Expense Interest Expense 850 11050 965,430 17000 Interest revenue 4500 4500 Inventory 29000 10500 Sales Discounts 5500 55000 (a) Prepare a multiple-step Income Statement for the year ended September June 30, 2021. (13) 3. On November, Sicily Co. had an inventory of 15 heaters at a cost of $64 each. During November, the following transactions occurred. Nov 3 3 Purchased 655 heaters at $68 each from Sion, terms 2/15, net/45. , FOB destination, Nov 11 Paid $550 for the freight charges Nov 19 Sold 450 heaters costing $60 for $82 each to lose Company, terms /, n/45, FOB destination. Nov 20 Pald 5250 for the freight charges of Nov 19th transaction Nov 22 Granted credit of 5410 to Jose Company for the return of five heaters. Nov 28 Returned Bheaters to Sion and received credit for the appropriate amount as there were defects. 2 North South University School of Business, BBA ASY Nov 29 Paid the amount due to Sion Nov 30 Received the amount due from Jose Company Nov 30 Sold 50 heaters costing $60 for $92 each to Rossberg Co., terms n/45, FOB destination (a) Journalise the November transactions using a perpetual inventory system. (12) ]