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Vuestron 24 The following is an alphabetical list of Swifty's Bakery's adjusted account balances at the end of the company's fiscal year on November 30, 2021 Accounts payable $32,610 Merchandise inventory $34,360 Accounts receivable 12,870 Mortgage payable 106,000 Accumulated depreciation-building 61,200 Prepaid insurance 4,500 Accumulated depreciation equipment 19,880 Property tax expense 3,500 Building 175,000 Purchases 630,700 B. Hachey, capital 104,480 Purchase discounts 7,200 B. Hachey, drawings 12,500 Purchase returns and allowances 13,315 Cash 21,740 Rent revenue 3,100 Depreciation expense 14,000 Salaries expense 121,200 Equipment 57,000 Salaries payable 8,500 Freight in 5,120 Sales 877,000 Freight out 8,200 Sales discounts 8,350 Insurance expense 9,000 Sales returns and allowances Interest expense 5,500 Unearned revenue 3,000 Land 83,000 Utilities expense 19,900 9,845 Additional information: 1. Swifty's Bakery uses a periodic inventory system, 2. Of the mortgage payable, $8,900 is due on March 31, 2022 3. A physical count determined that merchandise inventory on hand at November 30, 2021, was $37,420 4. The owner made no capital contributions during the year. (al) Prepare a multiple step income statement for the November 30, 2021, year end. (Enter negative amounts using either a negative sign preceding the number .. 45 or parenthes SWIFTY'S BAKERY Income Statement ly O e to search II e