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Question 2 Wolford 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, 2017, these accounts appeared in its adjusted trial balance $30,552 19,608 77,520 Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment 9,120 39,900 700,302 7,068 178,980 15,390 13,680 2,280 Cash Common Stock Cost of Goods Sold Freight-Out Equipment Depreciation Expense Dividends Gain on Disposal of Plant Assets Income Tax Expense 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 11,400 10,260 5,700 29,868 49,590 6,840 38,190 38,760 16,188 133,380 1,030,560 6,840 22,800 12,084