The following is an alphabetical list of Pina Colada's Bakery's adjusted account balances at the end of the company's fiscal year on November 30, 2021: Accounts payable $33,110 Merchandise inventory 534,360 Accounts receivable 13,570 Mortgage payable 106,000 Accumulated depreciation-building 61,200 Prepaid insurance 4,500 Accumulated depreciation-equipment 19,880 Property tax expense 3,500 Building 175,000 Purchases 627,700 B. Hachey, capital 104,480 Purchase discounts 6,800 B. Hachey, drawings 12,700 Purchase returns and allowances 13,315 Cash 22,460 Rent revenue 3,700 Depreciation expense 14,100 Salaries expense 121,000 Equipment 57,000 Salaries payable 8,500 Freight in 5,060 Sales 875,000 Freight out 8,200 Sales discounts 8,290 Insurance expense 9,000 Sales returns and allowances 9,845 Interest expense 5,700 Unearned revenue 3,000 Land 83,000 Utilities expense 20.000 Additional information: 1. Pina Colada's Bakery uses a periodic inventory system. 2. Of the mortgage payable, $9,200 is due on March 31, 2022. 3. A physical count determined that merchandise inventory on hand at November 30, 2021, was $37,360. 4. The owner made no capital contributions during the year. Prepare a multiple-step income statement for the November 30, 2021, year end. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) PINA COLADA'S BAKERY Income Statement