prepare a retained earnings 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. Complete the worksheet. Account Titles Trial Balance Dr. Cr. Oriole Company Worksheet For the Year Ended November 30, 2015 Adjustments Adj. Trial Balance Dr. Cr. Dr. $18600 Income Statement Dr. Balance Sheet Dr. Cr. Cash $18600 $8,600 30,500 130500 B0500 443900 44,200 300 F43900 200 12000 12000 6,200 131,000 Ti 31000 1131000 14000 740000 $26,000 55,000 33,900 0000 155000) 155000 133900 133900 160000 150000 60,000 40,000 40000 10000 13,000 13000 113000 Accounts Receivable Inventory Supplies Equipment Accum. 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 755,200 5055200 255200 19000 19000 9,000 497,300 139,900 1497600 1497600 1139900 24500 POP PPPPPPPPP 1139900 24500 113600 GAFFISTO 113600 24,500 13,600 12,000 16,400 23,900 $970,100 112000 12000 116400 16400 23900 23900 $970,100 200 1200 200 Supplies Expense Depreciation Expense 14000 14000 4000 HOOD 71000 74000 Interest Expense Interest Payable 14000 14000 14000 Totals $22500 $22500 $1988100 $988100 759100 55200 229000 232900 Net Loss 3900 3900 Totals $759100 $759100 $1232900 $1232900 Your answer is partially correct. Try again. Prepare a multiple-step income statement for the year. (If there is a net loss ti Oriole Company Income Statement For the Year Ended November 30, 2019 Sales Sales Revenue $755200 Less Sales Returns and Allowances 19000) Net Sales 746200 Cost of Goods Sold 497600 Gross Profit 248600 Operating Expenses Salaries and Wages Expense $ 139900 Advertising Expense 24500 Utilities Expense 113600 Maintenance and Repairs Expense [12000 TSupplies Expense 14200 Freight-Out 116400 Rent Expense 23900 Depreciation Expense T14000 Total Operating Expenses 248500 Income from Operations 1100 Other Expenses and Losses Interest Expense 4000) Net Income / (Loss) 4100 Prepare an retained earnings statement for the year. Oriole Company Retained Earnings Statement A $ $