Wolford 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 companys fiscal year on November 30, 2017, these accounts appeared in its adjusted trial balance.

Accounts Payable		$ 39,664
Accounts Receivable		25,456
Accumulated DepreciationEquipment		100,640
Cash		11,840
Common Stock		51,800
Cost of Goods Sold		909,164
Freight-Out		9,176
Equipment		232,360
Depreciation Expense		19,980
Dividends		17,760
Gain on Disposal of Plant Assets		2,960
Income Tax Expense		14,800
Insurance Expense		13,320
Interest Expense		7,400
Inventory		38,776
Notes Payable		64,380
Prepaid Insurance		8,880
Advertising Expense		49,580
Rent Expense		50,320
Retained Earnings		21,016
Salaries and Wages Expense		173,160
Sales Revenue		1,337,920
Salaries and Wages Payable		8,880
Sales Returns and Allowances		29,600
Utilities Expense		15,688

Additional data: Notes payable are due in 2021.

Prepare a multiple-step income statement. (List other revenues before other expenses.)

WOLFORD DEPARTMENT STORE Income Statement choose the accounting period November 30, 2017For the Month Ended November 30, 2017For the Year Ended November 30, 2017
select an opening name for section one DividendsNet Income / (Loss)Retained Earnings, December 1, 2011Retained Earnings, November 30, 2012SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes
enter an income statement item					$enter a dollar amount
select between addition and deduction AddLess: enter an income statement item					enter a dollar amount
select a closing name for section one DividendsNet Income / (Loss)Retained Earnings, December 1, 2011Retained Earnings, November 30, 2012SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes					enter a total amount for section one
enter an income statement item					enter a dollar amount
select a summarizing line for the first part DividendsNet Income / (Loss)Retained Earnings, December 1, 2011Retained Earnings, November 30, 2012SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes					enter a total amount for the first part
select an opening name for section two DividendsNet Income / (Loss)Retained Earnings, December 1, 2011Retained Earnings, November 30, 2012SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes
enter an income statement item			$enter a dollar amount
enter an income statement item			enter a dollar amount
enter an income statement item			enter a dollar amount
enter an income statement item			enter a dollar amount
enter an income statement item			enter a dollar amount
enter an income statement item			enter a dollar amount
enter an income statement item			enter a dollar amount
select a closing name for section two DividendsNet Income / (Loss)Retained Earnings, December 1, 2011Retained Earnings, November 30, 2012SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes					enter a total amount for section two
select a summarizing line for the second part DividendsNet Income / (Loss)Retained Earnings, December 1, 2011Retained Earnings, November 30, 2012SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes					enter a total amount for the second part
select an opening name for section three DividendsNet Income / (Loss)Retained Earnings, December 1, 2011Retained Earnings, November 30, 2012SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes
enter an income statement item					enter a dollar amount
select an opening name for section four DividendsNet Income / (Loss)Retained Earnings, December 1, 2011Retained Earnings, November 30, 2012SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes
enter an income statement item					enter a dollar amount
select a summarizing line for the third part DividendsExpensesNet Income / (Loss)Retained Earnings, December 1, 2011Retained Earnings, November 30, 2012SalesTotal ExpensesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes					enter a total amount for the third part
enter an income statement item					enter a dollar amount
select a closing name for this statement DividendsExpensesNet Income / (Loss)Retained Earnings, December 1, 2011Retained Earnings, November 30, 2012SalesTotal ExpensesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes					$enter a total net income or loss amount

Prepare a classified balance sheet. (List current assets in order of liquidity.) WOLFORD DEPARTMENT STORE Balance Sheet Assets $ Liabilities and Stockholders' Equity