The trial balance of Whispering Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Whispering Fashion Center Trial Balance November 30, 2022 Debit Credit Cash 33,150 Accounts Receivable 37,000 Inventory 48,300 Supplies 8,800 Equipment 139,600 Accumulated Depreciation-Equipment 26,300 Notes Payable 54,300 Accounts Payable Share Capital-Ordinary Retained Earnings 51,800 93,300 11,300 Sales Revenue 764,950 Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,600 Advertising Expense 27,550 Utilities Expense 15,400 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense Totals Adjustment data: 1. Supplies on hand totaled 4,800. 25,150 1,001,950 1,001,950 2. Depreciation is 16,725 on the equipment. 3. Interest of $10,990 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. Supplies and depreciation are selling expenses. 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 O for the amounts. Record journal entries in the order presented in the problem.) No. Date Account Titles and Explanation Debit Credit Nov. 1. Supplies Expense 30 Supplies Nov. Depreciation Expense 2. 30 Accumulated Depreciation-Equipment Nov. 3. Interest Expense 30 Interest Payable 4,000 16,725 10,990 4,000 16,725 10,990 uestion 3 of 3 Cash Accounts Receivable Inventory Supplies Equipment < Accumulated Depreciation-Equipment Notes Payable Accounts Payable Share Capital-Ordinary Retained Earnings Sales Revenue Sales Returns and Allowances Cost of Goods Sold WHISPERING FASHION CENTER Adjusted Trial Balance November 30, 2022 Debit Credit 33,150 37,000 48,300 4,800 139,600 4,200 495,400 Salaries and Wages Expense 138,600 1.43/5 43,025 54,300 51,800 93,300 11,300 764,950 Advertising Expense Utilities Expense 27,550 15,400 12,100 Maintenance and Repairs Expense Delivery Expense Rent Expense Supplies Expense Depreciation Expense Interest Expense Interest Payable Total 16.700 25,150 4,000 16,725 10,990 10,990 1,029,665 1,029,665 ent-player/index.html?launchld=1864abef-7391-48de-92dd-9b21c14363fc#/question/2 Question 3 of 3 < Twap 1.43/5 E Prepare an income statement for the year. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) WHISPERING FASHION CENTER Income Statement For the Year Ended November 30, 2022 Total Revenues Sales Revenue Less - Sales Returns and Allowances Gross Profit Total Selling Expenses Selling expenses