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

Marigold 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, its accounting records included the following accounts and adjusted balances.

Accounts Payable $ 26,264
Accounts Receivable 16,856
Accumulated DepreciationEquipment 66,640
Advertising Expense 32,830
Cash 7,840
Common Stock 34,300
Cost of Goods Sold 602,014
Freight-Out 6,076
Equipment 153,860
Depreciation Expense 13,230
Dividends 11,760
Gain on Disposal of Plant Assets 1,960
Income Tax Expense 9,800
Insurance Expense 8,820
Interest Expense 4,900
Inventory 25,676
Notes Payable 42,630
Prepaid Insurance 5,880
Rent Expense 33,320
Retained Earnings 13,916
Salaries and Wages Expense 114,660
Salaries and Wages Payable 5,880
Sales Returns and Allowances 19,600
Sales Revenue 885,920
Utilities Expense 10,388

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Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) MARIGOLD DEPARTMENT STORE Income Statement $ v: 1 > $ Save for Later Attempts: 0 of 2 used Submit

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