BE5-7 (similar to) Johnson Corporation provided the following partial-trial balance for the current year. (Click the icon to view the partial-trial balance.) Prepare a single-step income statement for the year ended December 31. Johnson is subject to a Johnson Corporation Statement of Net Income For the Year Ended December 31 Johnson Corporation provided the following partial-trial balance for the current year. (Click the icon to view the partial-trial balance.) Prepare a single-step income statement for the year ended December 31. Johnson is subject to a 40% income tax rate. (Round all amounts to the nearest whole dollar.) II Net Income X i Partial trial balance Debit Credit am $ 1,380 $ 120,000 620 900 Account Dividends Sales Dividend Income Interest Income Gain on Disposal of Plant Assets Unrealized Gain on Trading Investments Cost of Goods Sold Office Supplies Expense Sales Salaries Expense Selling Expenses 950 2,000 40,000 4,400 4,200 11,000 X Partial trial balance 2,000 Unrealized Gain on Trading Investments Cost of Goods Sold Office Supplies Expense Sales Salaries Expense Selling Expenses Accounting and Legal FeesGeneral Expense Advertising Expense Office Salaries Expense Depreciation Expense-General Expense Interest Expense Loss on Asset Impairment 40,000 4,400 4,200 11,000 790 4,300 7,100 8,800 2,700 2,400