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Marigold 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, 2022, its accounting records included the following accounts and adjusted balances.

Accounts Payable		$ 26,264
Accounts Receivable		16,856
Accumulated DepreciationEquipment		66,640
Advertising Expense		32,830
Cash		7,840
Common Stock		34,300
Cost of Goods Sold		602,014
Freight-Out		6,076
Equipment		153,860
Depreciation Expense		13,230
Dividends		11,760
Gain on Disposal of Plant Assets		1,960
Income Tax Expense		9,800
Insurance Expense		8,820
Interest Expense		4,900
Inventory		25,676
Notes Payable		42,630
Prepaid Insurance		5,880
Rent Expense		33,320
Retained Earnings		13,916
Salaries and Wages Expense		114,660
Salaries and Wages Payable		5,880
Sales Returns and Allowances		19,600
Sales Revenue		885,920
Utilities Expense		10,388

Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) MARIGOLD DEPARTMENT STORE Income Statement $ v: 1 > $ Save for Later Attempts: 0 of 2 used Submit

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