The Novak 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 fiscal year on November 30, 2017, the following accounts appeared in two of its trial balances Unadjusted $ 25,200 30,400 32,300 25,000 140,000 6,700 Accounts Payable Accounts Receivable Accumulated Depr. - Equipment Cash Depreciation Expense Equipment Freight-In Insurance Expense Interest Expense Interest Revenue Inventory Notes payable Owner's Capital Owner's Drawings Adjusted $ 25,200 30,400 45,300 25,000 13,000 140,000 6,700 6,500 6,800 8,400 19,500 38,200 86,100 10,400 Prepaid Insurance Property Tax Expense Property Taxes Payable Purchases Purchase Discounts Purchase Returns and Allowances Rent Expenses Salaries and Wages Expense Sales Commissions Expense Sales Commissions Payable Sales Returns and Allowances Sales Revenue Utilities Expense Unadjusted Adjusted $10,100 $3,600 2,400 2.400 540,000 540,000 7,200 7,200 3,500 3,500 14,000 14,000 96,000 96,000 6,800 10,500 3,700 7,700 7,700 721,000 721,000 8,500 8,500 6,800 8,400 19,500 38,200 86,100 10,400 PRINTER VERSION BA CALCULATOR (ai) Prepare a multiple-step income statement. Inventory at November 30, 2017, is $29,900. (List other revenues before other expenses.) THE NOVAK STORE Income statement . . CALCULATOR + . CALCULATOS