The trial balance of Windsor Fashion Center contained the following accounts at November 30, the end of the companys fiscal year.

WINDSOR FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020
		Debit			Credit
Cash		$33,050
Accounts Receivable		36,910
Inventory		48,210
Supplies		8,710
Equipment		139,420
Accumulated Depreciation-Equipment					$26,280
Notes Payable					54,210
Accounts Payable					51,710
Common Stock					93,210
Retained Earnings					11,210
Sales Revenue					764,760
Sales Returns and Allowances		4,200
Cost of Goods Sold		495,400
Salaries and Wages Expense		138,720
Advertising Expense		27,540
Utilities Expenses		15,280
Maintenance and Repairs Expense		12,100
Delivery Expense		16,700
Rent Expense		25,140
Totals		$1,001,380			$1,001,380

Adjustment data:

1.		Supplies on hand totaled $4,710.
2.		Depreciation is $16,710 on the equipment.
3.		Interest of $11,530 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.

(c1) Prepare a multiple-step income statement for the year. (ignore income taxes) (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Selling expenses WINDSOR FASHION CENTER Income Statement November 30, 2020 Selling expenses Administrative expenses $ Administrative expenses Save for Later Attempts: 0 of 1 used Submit