Wildhorse 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, 2022, these accounts appeared in its adjusted trial balance. Accounts Payable $68,000 Accounts Receivable 44,300 Accumulated Depreciation-Equipment 176,800 Cash 20,800 Common Stock 91,000 Cost of Goods Sold 1,585,620 Freight-Out 16,860 Equipment 413,320 Depreciation Expense 36,100 Dividends 31,200 Gain on Disposal of Plant Assets 5,200 Income Tax Expense 26,000 Insurance Expense 23,400 Interest Expense 13,000 Inventory 67,700 Notes Payable 113,100 Prepaid Insurance 15,600 Advertising Expense 87,100 Rent Expense 88,400 Retained Earnings 36,500 Salaries and Wages Expense 308,500 Sales Revenue 2,350,000 Salaries and Wages Payable 15,600 Sales Returns and Allowances 52,000 Utilities Expense 26,300 Prepare a multiple-step income statement. (List other revenues before other expenses.) WILDHORSE DEPARTMENT STORE Income Statement For the Year Ended November 30, 2022