Question#02: 2+4-06 a) In a manufacturing company how many types of inventories can be kept? Briefly explain with example. b) The trial balance of RMG Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Page 1 of 2 RMG FASHION CENTER Trial Balance on November 30.2017 Particulars Debit (TK.) Credit (Tk.) Cash 28,700 Accounts Receivable 30,700 Merchandise Inventory 44,700 Store Supplies 6.200 Store Equipment 90,000 Accumulated Depreciation Store Equipment 22,000 Delivery Equipment 48.000 Accumulated Depreciation Delivery Equipment 6,000 Notes Payable 51,000 Accounts Payable 48,500 Capital 110.000 Drawing 12.000 Sales 755,200 Sales Returns and Allowances 8,800 Cost of Goods Sold 497,400 Salaries Expense 140,000 Advertising Expense 24,400 Utilities Expense 14,000 Repair Expense 12.100 Delivery Expense 16.700 Rent Expense 24,000 Interest Income 5,000 Total 997,700 997,700 Additional information: 1. Depreciation is Tk. 9,000 on the store equipment 2. Supplies of Tk. 2,000 are on hand. 3. Interest rate is 12%. Note payable was taken on July 31. 4. Income tax rate is 20%. Required: Prepare a multiple-step income statement for the year ended November 30, 2017