The trial balance of Slum Dog Fashion Centre Inc. contained the following accounts at November 30, the company's fiscal year end:

Adjustment data:
1. Store supplies on hand totalled $3,100.
2. Depreciation is $40,000 on the store equipment and $30,000 on the delivery trucks.
3. Interest of$9,000 is accrued on notes payable at November 30.
Additional information:
1. Salaries and wages expense is 60% selling and 40% administrative.
2. Rent expense and utilities expense are 90% selling and 10% administrative.
3. Of the notes payable, $35,000 is due for payment next year.
4. Maintenance and repairs expense is 100% administrative.
Instructions
(a) Enter the trial balance on a work sheet and complete the work sheet.
(b) Prepare a multiple-step income statement, and statement of retained earnings for the year; and a classified balance sheet as at November 30, 2014.

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SLUM DOG FASHION CENTRE INC. Trial Balance November 30, 2014 Debit Credit $ 29,200 82,000 105,000 8,600 225,000 Cash Accounts receivable Inventory Supplies Equipment Accumulated depreciaticn-equipment Trucks Accumulated deprec ation-trucks Notes payable Accounts payable Common shares Retained earnings Sales revenue Sales returns and allowances Cost of goods sold Salaries and wages expense Advertising expense Utlities expense Maintenance and repairs expense Delivery expense Rent expense S 86,000 128,000 39.000 85,000 78,500 300,000 38,000 950,200 24,200 611,500 150,000 46,400 24,000 32,100 46,700 64,000 $1,576,700 $1,576,700