World Jim operates several retail stores that specialize in products for a healthy lifestyle. Some of its financial information is shown below for its fiscal year ended November $30,2018.$

Cost of Goods Sold $$67,900$

Depreciation Expense $-$ Store Equipment $$5,620$

Gain on Sale of Equipment $$4,410$

Insurance Expense $$10,700$

Interest Expense $$820$

Office Salaries Expense $$36,600$

Office Supplies Expense $$3,300$

Sales Discounts $$2,400$

Sales Returns and Allowances $$5,500$

Sales Revenue $$187,900$

Sales Salaries Expense $$33,300$

Utilities Expense $-$ Office $$3,500$

Utilities Expense $-$ Retail $$6,200$

Required

Prepare a multiple$-$step income statement.

Do not enter dollar signs or commas in the input boxes.

Enter all accounts under the appropriate section in alphabetical order.

Do not use negative signs.

World Jim

Income Statement

For the Year Ended November $30,2018$

Sales Revenue $Answer

Less:

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$Answer

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$Answer

Subtotal $Answer

Net Sales $Answer

Answer

$Answer

Gross Profit $Answer

Operating Expenses

Selling Expenses

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$Answer

Answer

$Answer

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$Answer

Total Selling Expenses $Answer

Administrative Expenses

Answer

$Answer

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$Answer

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$Answer

Answer

$Answer

Total Administrative Expenses $Answer

Total Operating Expenses $Answer

Income from Operations $Answer

Other Income and Expenses

Answer

$Answer

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$Answer

Total Other Income and Expenses $Answer

Net Income $Answer