Problem 5-4A (Part Level Submission) Wolford Department Store is located in midtown Metropolls. During the past several years, net income has been declining because suburban shopping centers have beer 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 Accounts Receivable Accumulated Depreciation Equipment Cash Common Stock Cost of Goods Sold Freight-Out Equipment Depreciation Expense Dividends Gain on Disposal of Plant Assets $ 35,912 23,048 91,120 10,720 46.900 823,162 8,308 210,380 18,090 16.000 2,600 CALCULATOR Insurance Expense Interest Expense Inventory Notes Payable Prepaid Insurance Advertising Expense Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Salaries and Wages Payable Sales Returns and Allowances Utilities Expense 13,400 12,060 6,700 35,108 58,290 8,040 44,890 45,560 19,028 156,780 1,211,360 8,040 26,800 14,204 Muitional data: Notes payable are due in 2021. (a1) Prepare a multiple-step income statement. (List other revenues before other expenses.) WOLFORD DEPARTMENT STORE Income Statement - Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Attempts: 0 (a2) The parts of this question must be completed in order. This part will be available when you complete the part above