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Problem 5-03A al-a3, b-c (Part Level Submission) The Deluxe Store is located in midtown Madison. During the past several years, net income has been declining

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Problem 5-03A al-a3, b-c (Part Level Submission) The Deluxe Store is located in midtown Madison. During the past several years, net income has been declining because of suburban shopping centers. At the end of the company's fiscal year on November 30, 2020, the following accounts appeared in two of its trial balances Accounts Payable Accounts Receivable Accumulated Depr.-Equipment Cash Common Stock Cost of Goods Sold Dividends Freight-Out Equipment Depreciation Expense Insurance Expense Interest Expense Interest Revenue Unadjusted $25,200 30,500 34,000 26,000 40,000 507,000 10,000 6,500 146,000 Adjusted $25,200 30,500 45,000 26,000 40,000 507,000 10,000 6,500 146,000 11,000 7,000 6,400 8.000 Inventory Notes payable Prepaid Insurance Property Tax Expense Property Taxes Payable Rent Expense Retained Earnings Salaries and Wages Expense Sales Commissions Expense Sales Commissions Payable Sales Returns and Allowances Sales Revenue Utilities Expense Unadjusted Adjusted $29,000 $29,000 37,000 37,000 10.500 3,500 2,500 2,500 15,000 15,000 61,700 61,700 96.000 96,000 6,500 11,000 4,500 ,000 8,000 700,000 700.000 8.500 8.500 6,400 8,000 CALCULATOR PRINTER VERSION BACK NEXI (al) Prepare a multiple step income statement (list other revenues before other expenses. If there is a net loss then enter the amount wung either a negative sin preceding the number eg. 45 or parentheses e.g. (45).) Deluxe Store Income Statement

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