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4.Forta Company presents you with the following account balances taken from the December 31, 2020, trial balance, Sales Cost of Goods Sold Cash Selling Expenses

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4.Forta Company presents you with the following account balances taken from the December 31, 2020, trial balance, Sales Cost of Goods Sold Cash Selling Expenses General and Administrative Expenses Interest Income Interest Expense Accounts Receivable Retained Earnings Gain on Sale of Property Accounts Payable $200,000 80,000 10,000 20,000 15,000 3,000 2.000 15,000 60,000 2,000 15,000 Additional data: 1. 10,000 shares of common stock were outstanding the entire year. 2. The income tax rate is 35%. Required: Prepare a single-step income statement in proper form

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