Problem 5-05A a, b1-b3, c-e (Part Level Submission) (Video) The trial balance of Larkspur, Inc. contained the following accounts at November 30, the end of the company's fiscal year. Larkspur, Inc. Trial Balance November 30, 2020 Credit Debit $ 8,000 29,800 44,500 6,100 130,000 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 $ 25,000 51,500 39,200 55,000 40,000 11,000 755,200 9,000 497,500 139,900 24,300 13,600 39,200 55,000 40,000 11,000 755,200 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 9,000 497,500 139,900 24,300 13,600 11,600 16,800 23,800 $965,900 $965,900 Adjustment data: 1. Supplies on hand totaled $2,100. 2. Depreciation is $13,000 on the equipment. 3. Interest of $4,000 is accrued on notes payable at November 30. 4. Inventory actually on hand is $43,800. CALCULATOR PRINTER VERSION BACK NEXT For the Year Ended November 30, 2020 Account Titles Tral Balance Adj. Trial Balance $8,000 Accounts Receivable 29,800 29000 Inventory 44,500 45200 2100 Supplies 6.100 130006 Equipment 130,000 Accum. Depreciation Equipment $25,000 Notes Payable 51.500 Accounts Payable 39,200 Common Stock 55.000 Accounts Payable 39,200 Common Stock 55,000 Retained Earnings 40,000 Dividends 11,000 Sales Revenue 755,200 Sales Returns and Allowances 9,000 Cost of Goods Sold 497,500 Salaries and Wages Expense 139,900 Advertising Expense 24,300 Utilities Expense 13,600 Maintenance and Repairs Expense 11.600 LACK NEXT Utes Expense 13,600 Maintenance and Repairs Expense 11,600 Freight Out 16,800 Rent Expense 23.800 11 Totals $965,900 $965,900 Supplies Expense ||||||IIII Depreciation Expense Interest Expense Interest Payable Totals Net Loss Interest Expense l 4000 Interest Payable Totals 170 756000 Net Loss Totals Click if you would like to show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts: 1 of 1 used ( 1) (61) Prepare a multiple-step income statement for the year. (If there is a net loss then enter the amount usin Larkspur, Inc. Income Statement Click if you would like to Show Work for this question: Open Show Work