Problem 5-4A (Part Level Submission) Wolford Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the company's fiscal year on November 30, 2017, these accounts appeared in its adjusted trial balance Accounts payable 27,336 Accounts Receivable 17,544 69,360 Accumulated Depreciation Equipment Cash 8,160 Common Stock 35,700 Cost of Goods Sold 626,586 Freight-Out 6,324 160,140 Equipment 13,770 Depreciation Expense Dividends 12,240 Gain on Disposal of Plant Assets 2,040 10,200 Income Tax Expense Insurance Expense 9,180 Interest Expense 5,100 Inventory 26,724 44,370 Notes Payable Prepaid Insurance 6,120 Advertising Expense 34,170 Rent Expense 34,680 14,484 Retained Earnings Salaries and Wages Expense 119,340 Sales Revenue 922,080 Salaries and Wages Payable 6,120 Sales Returns and Allowances 20,400 10,812 Utilities Expense Additional data: Notes payable are due in 2021