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Prepare a multiple-step income statement for the year. (ignore income taxes) (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses

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Prepare a multiple-step income statement for the year. (ignore income taxes) (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) MARIGOLD FASHION CENTER Income Statement The trial balance of Marigold Fashion Center contained the following accounts at November 30 , the end of the company's fiscal year. Adjustment data: 1. Supplies on hand totaled $4,590. 2. Depreciation is $16,620 on the equipment. 3. Interest of $10,260 is accrued on notes payable at November 30 . Other data: 1. Salaries expense is 70% selling and 30% administrative. 2. Rent expense and utilities expenses are 80% selling and 20% administrative. 3. $30,000 of notes payable are due for payment next year. 4. Maintenance and repairs expense is 100% administrative

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