he following information was taken from Riddell Ltd.'s adjusted trial balance as at April 30, 2020: Sales revenue Interest revenue Usities expense $1,054,800 8,300 24,000 Insurance expense 8,700 Cost of goods sold 400,824 Distribution expenses 230.176 Administration expenses 93,000 Depreciation expense 86,000 Interest expense 14,100 Income tax expense 58,600 Dividends declared-Common shares 12,700 Dividends declared-Preferred shares 17,700 (a) Prepare a single-step statement of income for the year ended April 30, 2020. Riddell Ltd. Statement of Income