View Policies Current Attempt in Progress Ivanhoe Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting, business away from city areas. At the end of the company's fiscal year on November 30, 2025, these accounts appeared in its adjusted trial balance. Accounts Payable $ 21,200 Accounts Receivable 13,700 Accumulated Depreciation-Equipment 54,400 Cash 6,400 Common Stock 28.000 Cost of Goods Sold 475,700 Freight-Out 5.880 Equipment 145,000 Depreciation Expense 10,900 Dividends 9,600 Gain on Disposal of Plant Assets 1,600 Income Tax Expense 8,000 Insurance Expense 7,200 Interest Expense Inventory 4,000 20,900 Notes Payable 34,800 Prepaid Insurance 4,800 Advertising Expense 26.800