Brier Exercise 4-01 Skysong Co. had sales revenue of $559,400 in 2020. Other items recorded during the year were: Cost of goods sold Salaries and wages expense Income tax expense Increase in value of company reputation Other operating expenses Unrealized gain on value of patents $326,600 123,100 25,460 16,470 10,180 20,630 Prepare a single-step income statement for Skysong for 2020. Skysong has 103,900 shares of stock outstanding. (Roun SKYSONG CO. Income Statement For the Year 2020 Revenues Sales Revenue $ 559400 Expenses Cost of Goods Sold 326600 Salaries and Wages Expense 123100 Other Operating Expenses 10180 Income Tax Expense 25460 Net Income / (Loss) Dividends $ Earnings Per Share