G PS.JA (LO Big Box Store is located in midtown Madison. During the past several years, not income has been declining because of suburban shopping centers. At the end of the company's fiscal year on November 30, 2020, the following accounts appeared in two of its a balances Prepare financial statements and adjusting and closing entries Unausted Adjustad Unadjusted Austed Accounts Payable $ 25,200 S 25 200 Notes Payable $ 37.000 $ 37,000 Accounts Receivable 30.500 30.500 Owner's Capital 101.700 101.700 Accumulated Dept-Equip 34.000 45.000 Owner's Drawings 10.000 10.000 Cash 20.000 20.000 Prepaid insurance 10 500 3.500 Cost of Goods Sold 518 000 518,000 Property Tax Expense 2.500 Freight Out 6 500 6,500 Property Tres Payable 2500 Equipment 145.000 166.000 Rent Expense 15.000 15.000 Depreciation Expense 11.000 Salones and was Expense 96,000 95.000 Insurance Expense 7000 Sales Revue 720.000 720 000 Interest Expense 6.400 6400 Series Commissions pense 6.500 11.000 Interest Revenge 2000 2.000 Sa Commissions Payable 4500 Inventory 32.000 32,000 Se Returns and Allowances 8.000 8000 Us Expense 8500 8500 Instruction a. Prepare a multiple-step income statement an owner's equity statement and dested het Nos payable rede in 2023 Net income 532,100 Owner's capital 5123.800 Total assets $190.000 b. Journal heading entries that were made c. Journal the closing entries that are necessary