The Goody Shop Ltd.'s adjusted trial balance amounts appear in alphabetical order as follows on November 30, 2012, the end of its fiscal year:

Additional information:
1. The Goody Shop uses a periodic inventory system.
2. A physical inventory count determined that merchandise inventory on November 30, 2012, was $37,350.
3. Of the mortgage payable, $5,300 is due in the next year.
4. Common shares of $25,000 were issued during the year.
Instructions
Prepare a multiple-step income statement, statement of changes in equity, and statement of financial position for the year.

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$ 57,000 5,060 10,000 6,000 12,000 11,315 85,000 34,360 106,000 $ 8,500 989,000 15,000 10,000 8,200 3,000 Administrative expenses Accounts payable $218,100 Equipment 32,310 13,770 Freight in Income tax expense Income tax payable Insurance expense Accounts v Accounts receivable Accumulated depreciation-buildings61,200 Accumulated depreciation-equipment 19,880 Buildings Cash Common shares Dividends 175,000 Interest expense 8,500 Land 26,000 Merchandise inventory, Dec. 1, 2011 Prepaid insurance Property tax payable Purchases Purchase discounts Purchase returns and allowances Retained earnings 5,000 Mortgage payable s4500 Salaries payable 684,700 Sals discounts Selling expenses 500 Sales 16,000 Sales returns and allowances 3,315 82,800 Unearned revenue