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Blossom Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting

Blossom Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the company's fiscal year on November 30, 2025, these accounts appeared in its adjusted trial balance. Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Common Stock Cost of Goods Sold Freight-Out Equipment Depreciation Expense Dividends. Gain on Disposal of Plant Assets Income Tax Expense Insurance Expense Interest Expense Inventory $ 13,400 8,600 34,000 4,000 17,500 287,300 3,150 110,000 6,700 6,000 1,000 5,000 4,500 2,500 13,100
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Additional data: Notes payable are due in 2029. Blossom Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the company's fiscal year on November 30,2025 , these accounts appeared in its adjusted trial balance. Prepare a multiple-step income statement. (List other revenues before other expenses.)

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