Answer CLOSE Problem 5-4A (Part Level Submission) Prepare a multiple-step income statement. (List other revenues before other expenses.) WOLFORD DEPARTMENT STORE Income Statement For the Year Ended November 30, 2017 Sales Sales Revenue 1,012,480 22,400 990,080 688,016 302,064 Less . Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit Operating Expenses Freight-Out Advertising Expense Depreciation Expense Insurance Expense 6,944 37,520 15,120 10,080 38,080 131,040 11,872 Rent Expense Salaries and Wages Expense Utilities Expense Total Operating Expenses Income From Operations Other Revenues and Gains 250,656 51,408 Gain on Disposal of Plant Assets 2,240 Other Expenses and Losses 5,600 48,048 11,200 36,848 Interest Expense Income Before Income Taxes ncome Tax Expense Net Income/ (Loss) (a2) Prepare a retained earnings statement. (List items that increase retained earnings first.) WOLFORD DEPARTMENT STORE Retained Earnings Statement For the Year Ended November 30, 2017 Retained Earnings, December 1, 2016 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Attempts: 0 of 3 used SAVE FOR LATER S SUBMIT