Question 9 of 9 Current Attempt in Progress Ivanhoe 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, 2025, these accounts appeared in its adjusted trial balance. Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment 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 $21,200 13,700 54,400 6,400 28,000 475,700 5,880 145,000 10,900 9,600 1,600 8,000 7,200 -/1 = : 4,000

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Current Attempt in Progress Ivanhoe 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 30,2025 , these accounts appeared in its adjusted trial balance. Given the incresied incentive, thev copect net siles to increase by 15%. As a result, ther estirnate that eross profit will increase by $33,015 and expenses by 545,085 . eTextbook and Media List of Accounts Question 9 of 9 Additional data: Notes payable are due in 2029. Question 9 of 9 1 i eTextbook and Media List of Accounts Prepare a retained earningsstatement. (List items that increase retoined earnings first).) Prepare a multiple-step income statement, (List other revenues before other expenses.) Cakulate the profit marzin and the eross profit rate (Round answers to 1 decimal plote, es. 15.2X ) Profit margin Gross prafit rate Prepare a retained earnings statement. (List items that increase retained earnings first.) Current Attempt in Progress Ivanhoe 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 30,2025 , these accounts appeared in its adjusted trial balance. Prepare a classified balance sheet. (List current assets in order of liquidity) Cakulate the profit marzin and the eross profit rate (Round answers to 1 decimal plote, es. 15.2X ) Profit margin Gross prafit rate Question 9 of 9 11 5