Please help with the Income Statement.Having trouble with the adjustments of depreciations, rent and salary expense

CAL A. FORNIA FASHION CENTER Trial Balance October 30, 2011 Cash Accounts Receivable Merchandise Inventory Store Supplies Store Equipment Accumulated Depreciation (Store Equipment) Debit 26,700 33,700 45,000 5,500 85,000 Credit 18,000 1 Delivery Equipment Accumulated Depreciation (Delivery Equipment) Note Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Sales Returns and Allowances Cost of Merchandise Sold Salaries Expense Advertising Expense Utilities Expense Repair Expense Delivery Expense Rent Expense 48,000 6,000 51,000 48,500 80,000 30,000 12,000 757,200 4,200 497,400 140,000 26,400 14,000 12,100 16,700 24,000 990,700 990,700 Additional Information (these entries have not yet been recorded): 1. Store supplies on hand totaled $3,500. 2. Depreciation is $9,000 on the store equipment and $7,000 on the delivery equipment (both are selling expenses). 3. Interest of $11,000 is accrued on notes payable at October 30, 2011. 4. Salaries expense is 70% selling and 30% administrative. 5. Rent expense and utilities expense are 80% selling and 20% administrative. Prepare a multiple-step income statement and a statement of retained earnings as of October 30, 2011 and a classified balance sheet as of October 30, 2011. Hint: Prepare T accounts with opening balances from the trial balance above, make the above entries listed under additional information, balance the T accounts and then prepare the financial statements. 2