Current Attempt in Progress Sheridan Ltd. is a Canadian private company following ASPE. Following are the partial trial balances for Sheridan as at December 31: Accounts receivable Salaries and wages payable Income taxes payable Prepaid insurance Accumulated depreciation Interest payable 2021 $51,500 14,000 13,400 7,900 90,200 2,300 2020 $33,000 25,000 18,400 4,100 75,400 9,500 During 2021, Sheridan collected $387,000 in cash from its customers. Sheridan also paid out cash of $147,000 for salaries and wages, $68,000 for income taxes, $40,500 for insurance, and $25,300 for interest. Prepare a single-step income statement for Sheridan Ltd. for the year ended December 31, 2021. Sheridan Ltd. Income Statement V $ $ $