prepare multi step income statement and do closing entries in proper accounting format

Problem #4 (10 Marks): JDS Corporation Partial Adjusted Trial Balance November 31, 2020 Debit Credit Gain on sale of investments 17,000 Salaries Expense 230,000 Depreciation Expense 170,000 Unearned revenue 129,000 Sales allowances 30,000 Cost of Goods Sold 890,000 Retained Earnings 16,000 Interest revenue 12.000 Sales 1,550,000 Cash dividends 19.000 Prepaid rent 25.000 Income Tax Expense 50.000 Instructions - Use the above information to prepare for the year ended November 30, 2020: a) a multi-step income statement b) closing entries