Sunland Store is located in midtown Madison. During the past several years, net income has been declining because of suburban shopping centers. At the end of the company's fiscal year on November 30, 2022, the following accounts appeared in two of its trial balances. Unadjusted Adjusted Unadjusted Adjusted Accounts Payable $25,200 $25,200 Notes payable $35,500 $35,500 Accounts Receivable 30,500 30,500 Owner's Capital 90,200 90,200 Accumulated Depr.-Equipment 33,000 44,000 Owner's Drawings 9,500 9,500 Cash 26,000 26,000 Prepaid Insurance 10,900 3,500 Cost of Goods Sold 508,500 508,500 Property Tax Expense 2,500 Freight-Out 5,500 5,500 Property Taxes Payable 2,500 Equipment 145,500 145,500 Rent Expense 15,000 15,000 Depreciation Expense 11,000 Salaries and Wages Expense 96,000 96,000 Insurance Expense 7,400 Sales Revenue 720,000 720,000 Interest Expense 6,100 6,100 Sales Commissions Expense 6,500 11,000 Interest Revenue 2,100 2,100 Sales Commissions Payable 4,500 Inventory 29,500 29,500 Sales Returns and Allowances 8,000 8,000 Utilities Expense 8,500 8,500Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SUNLAND STORE Income Statement VPrepare an owner's equity statement. (List items that increase owner's equity first.) SUNLAND STORE Owner's Equity StatementPrepare a balance sheet. Notes payable are due in 2025. (List Current Assets in order of liquidity.) SUNLAND STORE Balance Sheet AssetsJournalize the adjusting entries that were made. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 (To adjust depreciation on equipment) Nov. 30 (To adjust insurance expense) Nov. 30 (To adjust property tax expense) Nov. 30 (To adjust sales commissions expense)Journal in the closing entries that are necessary. [Ustall debit entries before creditentrfes. Credit account titles are automatically Indented when amount Is entered. Do not indent manually If no entry Is required, select "No Entry" for the account titles and enter 0 for the amounts.)