P5-3B The Akinnuoye Store is located in midtown Madison. During the past several years, net income has been declining because of suburban shopping centers. At the end of the company's fiscal year on November 30, 2012, the following accounts appeared in two of its trial balances. Unadjus Adjust ted Unadjus Adjust ted ed ed $ Notes Payable $ 37,000 Accounts 25,200 Payable 37,000 25,200 Accounts 30,500 30,500 Owner's Capital 101,700 101,70 Receivable Accumulated 34,000 45,000 Owner's Drawings 10,000 10,000 Depr.-Equip. Cash 26,000 26,000 Prepaid Insurance 10,500 3,500 Cost of Goods Sold 507,000 507,00 Property Tax 0 Expense 2,500 Freight-out 6,500 6,500 Property Taxes Payable 2,500 Equipment 146,000 146,00 Rent Expense 0 15,000 15,000 11,000 Salaries and Wages Expense Depreciation Expense 96,000 96,000 Insurance 7,000 Sales Revenue 700,000 700,00 0 Expense Interest 6,400 6,400 Sales 6,500 11,000 Expense Commissions Expense Interest ,000 8,000 Sales 4,500 Revenue Commissions Payable Inventory 29,000 29,000 Sales Returns and Allowances 8,000 ,000 Utilities Expense 8,500 8,500 Instructions (a)Prepare a multiple-step income statement, an owner's equity statement, and a classified balance sheet. Notes payable are due in 2015. (b)Journalize the adjusting entries that were made. ntries that