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Wolford Department Store is located in midtown Metropolis. During the past several years, net incore has been declining because suburban shopping centers have been attracting

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Wolford Department Store is located in midtown Metropolis. During the past several years, net incore 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, 2017, these accounts appeared in its adjusted trial balance Accounts Payable $37.520 Accounts Receivable 24,080 Accumulated Depreciation-Equipment 95,200 Cash 11,200 Common Stock 49,000 Cost of Goods Sold 860,020 8,680 219,800 Freight Out Equipment Depreciation Expense Dividends Gain on Disposal of Plant Assets 18.900 16,800 2,800 Income Tax Expense 14,000 Insurance Expense 12,600 Gain on Disposal of Plant Assets 2,800 14,000 Income Tax Expense Insurance Expense 12,600 Interest Expense 7,000 Inventory 36,680 Notes Payable 60,900 8,400 46,900 47,600 19,880 Prepaid Insurance Advertising Expense Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Salaries and Wages Payable Sales Returns and Allowances 163,800 1,265,600 8,400 28,000 14,840 Utilities Expense in 2021 Da ponowe Watement WOLFORD DEPARTNENT STORE Income Statement TO > > >

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