4,000 a. Prepare a single-step income statement from the above data. . Burt Co Income Statement For the Year Ended December 31 Revenues: TEL $ Total revenues $ Expenses: $ TA Total expenses Accounts Payable $97,200 Accounts Receivable 64,300 72,750 Accumulated Depreciation - Office Equipment Accumulated Depreciation-Store Equipment 162,100 Administrative Expenses 56,500 Cash 53,000 Cost of Merchandise Sold 121,700 Interest Expense 12,000 Maeve Burt, Capital 81,750 Maeve Burt, Drawing 52,000 Merchandise Inventory 93,250 Note Payable (due in two years) 154,000 Office Equipment 149,750 Prepaid Insurance 6,500 Rent Revenue 17,500 Salaries Payable 28,700 Sales 365,500 Selling Expenses Store Equipment 41,500 325,000 Supplies 4,000 a. Prepare a single-step income statement from the above data. Burt Co