Pronghorn Fashion Center Trial Balance November 30, 2020 Debit Credit Cash 21,000 Accounts Receivable 28,300 Inventory 42,200 Supplies 6,200 Equipment 133,000 Accumulated Depreciation-Equipment 29,000 Notes Payable 52.000 Accounts Payable 20,200 Share Capital-Ordinary 89,500 Retained Earnings 35,500 Dividends 14,000 Sales Revenue 755,800 Sales Returns and Allowances 8,900 Cost of Goods Sold 497,500 139,800 Salaries and Wages Expense Advertising Expense 24,200 Utilities Expense 14,000 Maintenance and Repairs Expense 12,200 Freight-Out 16,600 Rent Expense 24,100 Totals 982,000 E982,000 Adjustment data: 1. Supplies on hand totaled 2,050. 2. Depreciation is 11,500 on the equipment. 3. Interest of 21,000 is accrued on notes payable at November 30. 4. Inventory actually on hand is 42,020. (a) Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the numberes.-45 or parentheses eg. (453) PRONGHORN FASHION CENTER Income Statement For the Year Ended November 30, 2020 E E