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 company$$s fiscal year on November $30,2017,$ these accounts appeared in its

adjusted trial balance.

Accounts Payable $ $33,232$

Accounts Receivable $21,328$

Accumulated Depreciation$$Equipment $84,320$

Cash $9,920$

Common Stock $43,400$

Cost of Goods Sold $761,732$

Freight$-$Out $7,688$

Equipment $194,680$

Depreciation Expense $16,740$

Dividends $14,880$

Gain on Disposal of Plant Assets $2,480$

Income Tax Expense $12,400$

Insurance Expense $11,160$

Interest Expense $6,200$

Inventory $32,488$

Notes Payable $53,940$

Prepaid Insurance $7,440$