Problem 3-4 The trial balance of Marin Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. MARIN FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2017 Debit Credit Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earning:s Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expenses Maintenance and Repairs Expense Delivery Expense Rent Expense Totals $32,970 36,880 48,180 8,680 139,360 $26,180 54,180 51,680 93,180 11,180 764,650 4,200 495,400 138,760 27,490 15,240 12,100 16,700 25,090 $1,001,050 $1,001,050 Prepare an adjusted trial balance. MARIN FASHION CENTER Adjusted Trial Balance November 30, 2017 Debit Credit Prepare a multiple-step income statement for the year. (Enter loss using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) MARIN FASHION CENTER Income Statement Selling expenses Administrative expenses Prepare retained earnings statement for the year. MARIN FASHION CENTER Retained Earnings Statement Prepare a classified balance sheet as of November 30, 2017. (List current assets in order of liquidity. MARIN FASHION CENTER Balance Sheet Assets Liabilities and Stockholders' Equity 2. Nov. 30 To close accounts with debit balances.) 3. Nov. 30 (To close net income (loss).) OSS Prepare a post-closing trial balance. MARIN FASHION CENTER Post-Closing Trial Balance November 30, 2017 Debit Credit