4. Al- Amoaj Corporation had net sales of $24,000,000 and interest revenue of $31,000 during 2019. Expenses for 2019 were: cost of goods sold $1,250,000; administrative expenses $212,000; selling expenses $280,000; interest expense $45,000. Al-Amoaj's tax rate is 30%. The corporation had 100,000 shares of common stock authorized and 70,000 shares issued and outstanding during 2019. Prepare a single-step income statement for the year ended December 31,2019. $7.000.000.contract in 2010 to construct an office building. During 2010.