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 companys fiscal year on November 30, 2017, these accounts appeared in its adjusted trial balance.

Accounts Payable		$ 36,448
Accounts Receivable		23,392
Accumulated DepreciationEquipment		92,480
Cash		10,880
Common Stock		47,600
Cost of Goods Sold		835,448
Freight-Out		8,432
Equipment		213,520
Depreciation Expense		18,360
Dividends		16,320
Gain on Disposal of Plant Assets		2,720
Income Tax Expense		13,600
Insurance Expense		12,240
Interest Expense		6,800
Inventory		35,632
Notes Payable		59,160
Prepaid Insurance		8,160
Advertising Expense		45,560
Rent Expense		46,240
Retained Earnings		19,312
Salaries and Wages Expense		159,120
Sales Revenue		1,229,440
Salaries and Wages Payable		8,160
Sales Returns and Allowances		27,200
Utilities Expense		14,416

Additional data: Notes payable are due in 2021.

Question is Prepare a multiple-step income statement. (List other revenues before other expenses.)