The Goody Shop Ltd.'s unadjusted trial balance amounts (prior to recording the adjusting journal entry to update Merchandise Inventory and Cost of Goods Sold) appear in alphabetical order as follows on November 30, 2015, the end of its fiscal year:

Additional information:
1. The Goody Shop uses a periodic inventory system.
2. A physical inventory count determined that merchandise inventory on November 30, 2015, was $37,350.
3. Of the mortgage payable, $5,300 is due in the next year.
4. Common shares of $25,000 were issued during the year.
Instructions
Prepare a multiple-step income statement, statement of changes in equity, and statement of financial position for the year.

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Administrative expenses Accounts payable Accounts receivable Accumulated depreciation-building Accumulated depreciation-equipment Buildings Merchandise inventory, Dec. 1, 2014 34,360 106,000 $230,100 32,310 Mortgage payable 13,770Prepaid insurance 61,200 Property tax payable 19,880 175,000Purchase discounts 3,500 684,700 16,000 8,500 Purchase returns and allowances Common shares Dividends Equipment Freight in Income tax expense Income tax payable Interest expense 26,000 Retained earnings 5,000 Salaries payable 82,800 8,500 989,000 57,000 5,060 10,000 6,000 11,315 85,000 Sales discounts Sales returns and allowances Selling expenses 0,000 Unearned revenue