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

Crane 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, 2022, 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 Notes Payable Prepaid Insurance Advertising Expense Rent Expense Trial Balance Retained Earnings Salaries and Wages Expense Sales Revenue Salaries and Wages Payable Sales Returns and Allowances Utilities Expense $ 16,000 10,300 40,800 4,800 21,000 365,700 3,700 95,600 8,100 7,200 1,200 6,000 5,400 3,000 15,700 26,100 3,600 20,100 20,400 8,500 71,300 542,400 3,600 12,400 6,300
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\begin{tabular}{|c|c|} \hline \\ \hline Acrount hinatio & 115000 \\ \hline & 10,7001 \\ \hline & 4000 \\ \hline Cahn: & 4000 \\ \hline Comingon ifies. & 21000 \\ \hline Ceit in cooditiols & 345700 \\ \hline Piviefloy & N/ON \\ \hline Epapurent & 13.400 \\ \hline Deproutien Fuene & $100 \\ \hline Diditent : & 7,200 \\ \hline & 1,200 \\ \hline Wxeere Tax Enpenes & A(000 \\ \hline usane Coceme & 1+ \\ \hline imerat capeme & 3000 \\ \hline invintor. & 15.700 \\ \hline Notes Povplie & X,100 \\ \hline Mrpold hnwance & 1000 \\ \hline Advertion boemie & 20,400 \\ \hline & 20,400 \\ \hline Betained Eaming: & \\ \hline Salarien and Which Expene: & 71,000 \\ \hline Solet Revmuet & 542400 \\ \hline solarket and Waces Prable & 3,600 \\ \hline Soles feturi and Alowance: & 12,400 \\ \hline Unitier spente & 8,300 \\ \hline \end{tabular} Based on the trial balance above, calculate the following amounts: a) Net sales b) Gross Profit c) Total Operating Expenses d) Net Income e) Ending retained earnings

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