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 30,2022, these accounts appeared in its adjusted trial balance. $ 65,400 Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment 42.600 170,000 Cash 20,000 87,500 1.524.900 16,310 397.450 Common Stock Cost of Goods Sold Freight-Out Equipment Depreciation Expense Dividends Gain on Disposal of Plant Assets Income Tax Expense 34,700 30,000 5.000 25.000 22.500 Insurance Expense Interest Expense 12 500 65,100 Inventory 108,750 Notes Payable 15,000 Prepaid Insurance 83,750 Advertising Expense 85,000 Rent Expense 35,100 Retained Earnings 296,640 Salaries and Wages Expense 2,260,000 15,000 Sales Revenue Salaries and Wages Payable Sales Returns and Allowances 50,000 25,300 Utilities Expense Prepare a multiple-step income statement. (List other revenues before other expenses.) SANDHILL DEPARTMENT STORE Income Statement $ 1 $ > 3