Chapter 5 Homework (Graded Activity) Question 6 of 6 +/15 E Current Attempt in Progress Ivanhoe 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, 2020, the following accounts appeared in two of its trial balances Unadjusted $25,300 30.800 34,000 25.000 S08,500 5.500 146,000 Unadjusted $35.000 89.100 9.500 11.000 Accounts Payable Accounts Receivable Accumulated Depe-Equipment Cash Cost of Goods Sold Freight-Out Equipment Depreciation Expense Insurance Expense Interest Expense Interest Revenue Inventory Adjusted $25.300 30.800 45,000 25.000 SO8.500 5.500 146.000 11.000 7,200 6.100 2000 29,000 Notes payable Owner's Capital Owner's Drawings 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 Adjusted $35.000 89.100 9.500 3.300 2.500 2.500 15.000 96,000 720,000 11,000 4.500 8.000 8.500 15,000 96,000 720,000 6,500 6.100 2.000 29.000 8,000 8.500 (a 1) Prepare a multiple step income statement. (List other revenues before other expenses Enter negative amounts using either a negative MacBook AS Question 6 of 6 > -/15 III (1) Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number 0.8. -45 or parentheses 08:(45) IVANHOE STORE Income Statement $ >> $ MacBook Air