Instruction The following income statement items, arranged in alphabetical order, are taken from the records of Corbin Enterprises for the current year: Accounts Advertising expense Cost of goods sold Depreciation expense-computer Dividend revenuee Income tax expense Interest expense $28,000 17,500 350,000 1,300 8,750 45,500 10,500 Rent expense-office 140,000 Rent expense-salesperson' s car 4,500 3,200 28,575 1,900 Sales revenue Supplies expense-office Utilities expense Wages expense Office Required: 1. Prepare a single-step income statement for the current year. 2. What weaknesses do you see in this form for the income statement