The Sunland Company 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 companys fiscal year on November 30, 2022, the following accounts appeared in two of its trial balances. All accounts balances are normal.

		Unadjusted		Adjusted				Unadjusted		Adjusted
Accounts Payable		$25,900		$25,900		Inventory		$28,000		$28,000
Accounts Receivable		30,700		30,700		Notes payable		35,000		35,000
Accumulated Depr.Equipment		33,500		45,000		Prepaid Insurance		10,600		2,500
Cash		27,000		27,000		Property Tax Expense				2,500
Common Stock		41,900		41,900		Property Taxes Payable				2,500
Cost of Goods Sold		512,500		512,500		Rent Expense		18,000		18,000
Dividends		9,500		9,500		Retained Earnings		61,700		61,700
Freight-Out		5,200		5,200		Salaries and Wages Expense		93,000		93,000
Equipment		146,500		146,500		Sales Commissions Expense		6,500		11,000
Depreciation Expense				11,500		Sales Commissions Payable				4,500
Insurance Expense				8,100		Sales Returns and Allowances		7,900		7,900
Interest Expense		6,500		6,500		Sales Revenue		700,000		700,000
Interest Revenue		12,000		12,000		Utilities Expense		8,100		8,100

Prepare a multiple-step income statement. (List other revenues before other expenses. If there is a net loss then enter the amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

(a2)

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(a3)

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(b)

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(c)

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