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please answer as soom as possible..i have 40 min left. $ 30300 $ 25300 1. The following accounts appeared in the trial balance of the

please answer as soom as possible..i have 40 min left.image text in transcribed

$ 30300 $ 25300 1. The following accounts appeared in the trial balance of the Nordfolk Inc. at the end of the fiscal year on November 30, 2020. Notes Payable Accounts payable Owner's capital 101,700 Accounts receivable Loss on disposal of Accumulated Depreciation Equipment - Equipment 30500 7500 45000 Prepaid Insurance 3600 Cash 51000 Property tax Expense 3800 Cost of goods sold 457,000 Property taxes payable 2500 Freight-out 4700 Rent Expense 22000 Equipment 206300 135000 Salaries and wages expense Depreciation Expense 13500 Sales revenue 850,000 Insurance Expense 850 17000 Sales commissions Expense Interest Expense 11050 4500 Sales commissions payable Interest revenue 4500 10500 Inventory 29000 Sales returns and allowances Utilities Expense 55000 Sales Discounts 5500 (a) Prepare a multiple-step Income Statement for the year ended November 30, 2020 [15] (b) Assumer closing entries have been done already, prepare a post-closing trial balance at November 30, 2020. (13)

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