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 companys 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 Retained Earnings Salaries and Wages Expense Sales Revenue Salaries and Wages Payable Sales Returns and Allowances Utilities Expense $ 44,600 29,000 115,600 13,600 59,500 1,036,380 10,830 270,330 23,500 20,400 3,400 17,000 15,300 8,500 44,300 73,950 10,200 56,950 57,800 23,900 201,760 1,536,000 10,200 34,000 17,300 CRANE DEPARTMENT STORE Income Statement