Pharoah 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 30,2025, these accounts appeared in its adjusted trial balance. Accounts Payable $55,000 Accounts Receivable 35,800 Accumulated Depreciation-Equipment 142,800 Cash 16,800 Common Stock 73,500 Cost of Goods Sold 1,262,080 Freight-Out 13,570 Equipment 333,890 Depreciation Expense 29.100 Dividends 25,200 Gain on Disposal of Plant Assets 4,200 Income Tax Expense 21,000 Insurance Expense 18.900 Interest Expense Inventory 10.500 54,700 Notes Payable 91.350 Prepaid Insurance 12,600 Advertising Expense 70,350 Rent Expense 71,400 Retained Earnings 10,940 Salaries and Wages Expense 249.200 Salaries and Wages Payable 12.600 Earnings 10,940 Salaries and Wages Expense 249,200 Salaries and Wages Payable 12,600 Sales Returns and Allowances 42,000 Sales Revenue 1,898,000 Utilities Expense 21,300 Additional data: Notes payable are due in 2029. (a1) Your answer is partially correct. Prepare a multiple-step income statement. (List other revenues before other expenses) PHAROAH DEPARTMENT STORE Income Statement For the Month Ended November 30, 2025 Income Before Income Taxes Sales Revenue Less : Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit Gross Profit Depreciation Expense Insurance Expense Advertising Expense Rent Expense Total Operating Expenses 3 Retained Earnings December 1,2024 3 Net Income/