Sandhill 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, 2025, these accounts appeared in its adjusted trial balance. Accounts Payable Accounts Receivable i $65,400 42,600 Accumulated Depreciation-Equipment 170,000 Cash 20,000 Common Stock 87,500 Cost of Goods Sold 1,547,000 Freight-Out 16,310 Equipment 355,000 Depreciation Expense 34,700 Dividends 30,000 Gain on Disposal of Plant Assets 5,000 Income Tax Expense 25,000 Insurance Expense 22,500 Interest Expense 12.500 Inventory 65,100 Notes Payable 108,750 Prepaid Insurance 15,000 Advertising Expense 83,750 Rent Expense 85,000 Retained Earnings 14,750 Salaries and Wages Expense 296,640 Salaries and Wages Payable 15,000 Sales Returns and Allowances 50,000 Sales Revenue 2,260,000 Utilities Expense 25.300 Additional data: Notes payable are due in 2029.