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An analysis of the transactions of Rutherford Company for the year ended December $31,$ yields the following information: sales revenue, $$69,200$; insurance expense, $$4,300$; interest income, $$5,200$; cost of goods sold, $$25,700$; salaries expense, $$22,500$; income taxes expense, $$2,400$; and loss on disposal of property, plant, and equipment, $$1,200.$

Required:

Prepare a single$-$step income statement.

Rutherford Company

Income Statement

For the year ending December $31$

Revenues and gains:

$$ $

$$

$q,$

Total revenues

$q,$ $

Expenses and losses:

$$

$q,$

$q,$

$q,$

$$

$ $$

$$

$$

Total expenses and losses

$$

$$

$$

$$

$q,$ a

$$

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