Problem 5-3A (Part Level Submission) The Cheyenne Corp. 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, 2019, the following accounts appeared in two of its trial balances. Accounts Payable Accounts Receivable Accumulated Depr.-Equipment Cash Common Stock Cost of Goods Sold Unadjusted Adjusted $25,600 $25,600 30,400 30,400 36,000 46,000 26,500 26,500 13,600 13,600 500,500 500,500 10,500 10,500 5,700 5,700 145,500 145,500 10,000 7,400 6,100 6,100 12,000 12,000 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 $30,000 $30,000 37,500 37,500 10,200 2,800 2,500 2,500 16,000 16,000 61,700 61,700 92,600 92,600 6,500 11,000 4,500 7,100 7,100 710,000 710,000 8,800 8,800 Dividends Freight-Out Equipment Depreciation Expense Insurance Expense Interest Expense Interest Revenue (a1) Prepare a multiple-step income statement. (List other revenues before other expenses. 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).) Cheyenne Corp. Cheyenne Corp. Income Statement SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Attempts: 0 of 5 used SAVE FOR LATER