Interest Revenue	$300		Accounts Payable	$16,700
Merchandise Inventory	45,900		Accounts Receivable	33,500
Notes Payable, long-term	53,000		Accumulated DepreciationEquipment	37,900
Salaries Payable	2,800		Arnold, Capital	2,015
Sales Discounts	4,000		Arnold, Withdrawals	19,000
Sales Returns and Allowances	7,500		Cash	7,600
Sales Revenue	323,500		Cost of Goods Sold	143,520
Rent Expense (Selling)	24,400		Equipment	129,500
Office Supplies	6,000		Interest Payable	1,000
Unearned Revenue	13,900		Rent Expense (Administrative)	9,500
Interest Expense	1,600		Utilities Expense (Selling)	10,100
Depreciation ExpenseEquipment (Administrative)	1,295		Delivery Expense (Selling)	3,800
Utilities Expense (Administrative)	3,900

Requirement 1. Prepare a single-step income statement.