prepare a multiple-step income statement for the year

The trial balance of Oriole Company contained the following accounts at November 30, the end of the company's fiscal year. The company uses the perpetual inventory system. Oriole Company Trial Balance November 30, 2019 Credit Debit $ 8,600 30,500 44,200 6,200 131,000 $ 26,000 55,000 33,900 60,000 40,000 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense Maintenance and Repairs Expense Freight-Out Rent Expense Totals 13,000 755,200 9,000 497,300 139,900 24,500 13,600 12,000 16,400 23,900 $970,100 $970,100 Adjustment data: 1. Supplies on hand totaled $2,000. 2. Depreciation is $14,000 on the equipment. 3. Interest of $4,000 is accrued on notes payable at November 30. 4. Inventory actually on hand is $43,900. Prepare a multiple-step income statement for the year. (If there is a net loss then enter the amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Oriole Company Income Statement