The Wildhorse Co. 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's fiscal year on November 30, 2019, the following accounts appeared in two of its trial balances. All account balances are normal Support Accounts Payable Accounts Receivable Accumulated Depr.-Equipment Cash Common Stock Cost of Goods Sold Dividends Freight-Out Equipment Depreciation Expense Insurance Expense Interest Expense Interest Revenue Unadjusted Adjusted $26,000 $26,000 30,200 30,200 34,000 45,000 26,000 26,000 25,800 25,000 514,000 514,000 9.500 9,500 6.400 6,400 146,500 146,500 11,000 7.600 6.500 6,500 9.500 9.500 Inventory Notes payable Prepaid Insurance Property Tax Expense Property Taxes Payable Rent Expense Retained Earnings Salaries and Wages Expense Sales Commissions Expense Sales Commissions Payable Sales Returns and Allowances Sales Revenue Utilities Expense Unadjusted Adjusted $28,500 $28,500 35,000 35.000 10,500 2.900 2.500 2.500 16,600 16,600 61,700 61,700 94,700 94,700 6,500 11,000 4,500 7,800 7,800 720,000 720,000 8.300 8,300 Prepare a multiple-step income statement. (List other revenues before other expenses. If there is a netloss then enter the amount using either a negative sign preceding the number 45 or parentheses (451) Wildhorse Co. Income Statement 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 numberes-45 or parentheses es (451) Wildhorse Co. Income Statement eTextbook and Media List of Accounts Prepare a retained earnings statement (Ust items that increase retained earnings first.) Wildhorse Co. Retained Earnings Statement Prepare a retained earnings statement. (List items that increase retained earnings first.) Wildhorse Co. Retained Earnings Statement e Textbook and Media List of Accounts Prepare a balance sheet. Notes payable are due in 2022. (List Current Assets in order of liquidity) Wildhorse Co. Balance Sheet Prepare a balance sheet. Notes payable are due in 2022. (List Current Assets in order of liquidity) Wildhorse Co. Balance Sheet Assets Liabilities and Stockholders' Equity Journalize the adjusting entries that were made. (Credit account titles are automatically indented when amount is entered. Do not indent manually Debit Credit Date Account Titles and Explanation Nov. 30 (To adjust depreciation on equipment) Nov. 30 (To adjust insurance expense) Nov. 30 (To adjust property tax expense) Nov. 30 (Tn adiest sales commissions expense) Journalize the closing entries that are necessary. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Nov. 30 (To dose accounts with credit balances) Nov. 30 (To dose accounts with debit balances) Nov. 30 (To close net income / (loss)) Nov. 30 (To close dividends)