I TURUT HULLUI V LONCH TIVIRI NUUell Llu.Saujusceu ulal Udlarlle as al A l 30, 2020. Sales revenue Interest revenue Utilities expense Insurance expense Cost of goods sold Distribution expenses Administration expenses Depreciation expense Interest expense Income tax expense Dividends declared-Common shares Dividends declared-Preferred shares $1,074,300 6,900 28,000 7,500 397,491 245,509 94,000 90,000 17.900 57.100 14,200 19,200 (a) Your answer is correct. Prepare a single-step statement of income for the year ended April 30, 2020. Riddell Ltd. Statement of Income For the Year Ended April 30, 2020 "TRevenues T Sales Revenue ,074,300 Interest Revenue 6,900 - Total Revenues 1,081,200 TExpenses Cost of Goods Sold 397,491) Utilities Expense (28.000) Insurance Expense (7,500) Distribution Expenses 245,509) Administration Expenses (94,000) Depreciation Expense (90,000) Interest Expense (17,900) Income Tax Expense 57.100 937,500) Total Expenses Net Income / (Loss) 143,700 Prepare a multi-step statement of income for the year ended April 30, 2020. Riddell Ltd. Statement of Income