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he trial balance of Vaughn Fashion Center contained the following accounts at November 30 , the end of the company's fiscal year. Adjustment data: 1. Supplies on hand totaled $4,920. 2. Depreciation is $16,815 on the equipment. 3. Interest of $10,640 is accrued on notes payable at November 30 . Other data: 1. Salaries expense is 70% selling and 30% administrative. 2. Rent expense and utilities expenses are 80% selling and 20% administrative. 3. $30,000 of notes payable are due for payment next year. 4. Maintenance and repairs expense is 100% administrative. Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Prepare an adjusted trial balance. Retained Earnings \begin{tabular}{|r|} \hline 11420 \\ \hline \end{tabular} Sales Revenue 765250 Sales Returns and Allowances \begin{tabular}{|r|} \hline 4200 \\ \hline \end{tabular} Cost of Goods Sold 495400 Salaries and Wages Expense \begin{tabular}{|r|} \hline 138440 \\ \hline \end{tabular} Advertising Expense 27610 Utilities Expenses \begin{tabular}{|r|} \hline 15560 \\ \hline \end{tabular} Maintenance and Repairs Expense \begin{tabular}{|r|} \hline 12100 \\ \hline \end{tabular} Delivery Expense \begin{tabular}{|r|} \hline 16700 \\ \hline \end{tabular} Rent Expense 25210 Supplies Expense Depreciation Expense 16815 Interest Expense \begin{tabular}{|r|} \hline 10640 \\ \hline \end{tabular} Prepare a multiple-step income statement for the year. (ignore income taxes) (Enter loss using either a negative sign preceding the number eg. 45 or parentheses eg. (45).) VAUGHNFASHION CENTER Income Statement For the Year Ended November 30, 2025 Selling expenses Salaries and Wages Expense \begin{tabular}{|ll|l|} \hline$ & 96908 & i \\ \hline \end{tabular} Advertising Expense \begin{tabular}{|l|l|} \hline 27610 & i \\ \hline \end{tabular} Rent Fxnense Rent Expense Delivery Expense Utilities Expenses Depreciation Expense Supplies Expense 7inistrative expenses Administrative expenses Salaries and Wages Expense Maintenance and Repairs Expense Rent Expense Utilities Expenses Total Administrative Expenses Total Operating Expenses Income from Operations Other Expenses and Losses Interest Expense Net income/(Loss) 55IZ6 . Sev9sz