The trial balance of Novak Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Adjustment data: 1. Supplies on hand totaled $5,220. 2. Depreciation is $17,040 on the equipment. 3. Interest of $12,030 is accrued on notes payable at November 30 . Other data: 1. Salaries expense is 70% selling and 30% administrative. 2. Rent expense and utilities expenses are 80% selling and 20% administrative. 3. $30,000 of notes payable are due for payment next year. 4. Maintenance and repairs expense is 100% administrative. 5. Depreciation expense is 100% selling. Journalize the adjusting 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 0 for the amounts. Record joumal entries in the order presented in the problem. List all debit entries before credit entries.) Prepare an adjusted trial balance. NOVAK FASHION CENTER Adjusted Trial Balance November 30, 2025 Debit Cash Accounts Receivable Imventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Interest Payable Common Stock Retained Earnings Credit $ 33780 37420 48720 5220 140440 43760 54720 52220 \begin{tabular}{r} 12030 \\ \hline 93720 \\ \hline \end{tabular} 11720 Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expenses Maintenance and Repairs Expense Delivery Expense Rent Expense Supplies Expense Depreciation Expense Interest Expense Total 766000 495400 138040 27760 15960 12100 16700 25360 4000 17040 12030 Prepare a multiple-step income statement for the year. (ignore income taxes) (Enter loss using either a negative sign preceding th Selling expenses $ $ $ Administrative expenses