Ivanhoe 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		$ 21,200
Accounts Receivable		13,700
Accumulated DepreciationEquipment		54,400
Cash		6,400
Common Stock		28,000
Cost of Goods Sold		489,900
Freight-Out		5,880
Equipment		127,500
Depreciation Expense		10,900
Dividends		9,600
Gain on Disposal of Plant Assets		1,600
Income Tax Expense		8,000
Insurance Expense		7,200
Interest Expense		4,000
Inventory		20,900
Notes Payable		34,800
Prepaid Insurance		4,800
Advertising Expense		26,800
Rent Expense		27,200
Retained Earnings		11,300
Salaries and Wages Expense		95,020
Sales Revenue		726,200
Salaries and Wages Payable		4,800
Sales Returns and Allowances		16,200
Utilities Expense		8,300

Additional data: Notes payable are due in 2026.

Prepare a multiple-step income statement. (List other revenues before other expenses.)

IVANHOE DEPARTMENT STORE Income Statement $ > > $ > > $