Question#02 The trial balance of Mr. Eko Fashion Center contained the following accounts at November 30, 2019 the end of the company's fiscal year MR. EKO FASHION CENTER Adjusted Trial Balance November 30, 2019 Accounts Title Cash Accounts Receivable Inventory Supplies Equipment Debit Accounts Title Credit $8700 Accumulated 28000 Depreciation-Equipment 30700 Notes Payable 51000 44700 Accounts Payable 48500 6200 Owner's Capital 90000 133000 Sales Revenue 755200 Owner's Drawings Sales Returns and Allowances Cost of Goods Sold 12000 5800 497400 Salaries and Wages Expense 140000 Advertising Expense 24,400 Utilities Expense 14,000 Maintenance and Repairs Expense 12,100 Freight-out 16,700 Rent Expense 24,000 Sales Discount 3,000 Total $972,700 Total $972,700 Instructions: a) Prepare a multiple-step income statement and an owner's equity statement for the year, b) Prepare a classified balance sheet as of November 30, 2019. Notes payables of $20,000 are due in January 2020.