Carla Vista Department Store is located in midtown Metropolis. During the past several years, net income...

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Carla Vista 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, 2022, these accounts appeared in its adjusted trial balance. Accounts Payable $ 62,800 Accounts Receivable 40,900 Accumulated Depreciation-Equipment 163,200 Cash 19,200 Common Stock 84,000 Cost of Goods Sold 1,462,800 Freight-Out 15,220 Equipment 381,500 Depreciation Expense 33,300 Dividends 28,800 Gain on Disposal of Plant Assets 4,800 Income Tax Expense 24,000 Insurance Expense 21,600 Interest Expense 12,000 Inventory 62,500 Notes Payable 104,400 Prepaid Insurance 14,400 Advertising Expense 80,400 Rent Expense 81,600 Retained Earnings 33,700 Salaries and Wages Expense 284,780 Sales Revenue 2,168,000 Salaries and Wages Payable 14,400 Sales Returns and Allowances 48,000 Utilities Expense 24,300 Additional data: Notes payable are due in 2026. Prepare a multiple-step income statement. (List other revenues before other expenses.) CARLA VISTA DEPARTMENT STORE Income Statement + $ $ Carla Vista 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, 2022, these accounts appeared in its adjusted trial balance. Accounts Payable $ 62,800 Accounts Receivable 40,900 Accumulated Depreciation-Equipment 163,200 Cash 19,200 Common Stock 84,000 Cost of Goods Sold 1,462,800 Freight-Out 15,220 Equipment 381,500 Depreciation Expense 33,300 Dividends 28,800 Gain on Disposal of Plant Assets 4,800 Income Tax Expense 24,000 Insurance Expense 21,600 Interest Expense 12,000 Inventory 62,500 Notes Payable 104,400 Prepaid Insurance 14,400 Advertising Expense 80,400 Rent Expense 81,600 Retained Earnings 33,700 Salaries and Wages Expense 284,780 Sales Revenue 2,168,000 Salaries and Wages Payable 14,400 Sales Returns and Allowances 48,000 Utilities Expense 24,300 Additional data: Notes payable are due in 2026. Prepare a multiple-step income statement. (List other revenues before other expenses.) CARLA VISTA DEPARTMENT STORE Income Statement + $ $

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