P5-4A Prepare financial statements and calculate profitability ratias. Wolford 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 company's fiscal year on November 30, 2017, these accounts appeared in its adjusted trial balance. Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Common Stock Cost of Goods Sold Freight-Out Equipment Depreciation Expense Dividends Gain on Disposal of Plant Assets Income Tax Expense Insurance Expense Interest Expense Inventorny Notes Payable Prepaid Insurance Advertising Expense Rent Expense Retained Earnings Salaries and Wages Expense 26,800 17.200 68,000 8,000 35.000 614,300 6.200 157,000 13.500 12,000 2,000 10.000 9.000 5,000 26.200 43.500 6.000 $ 33.500 34.000 14,200 117,000