Please, prepare one step income statement. What is net income?

Sales revenues 185 000

Cost of goods sold 75 000

Commission expense 8000

Office supplies expense 3500

Interest revenues 7000

Office equipment expense 2500

Advertising expense 4500

Interest expense 650

Loss from lawsuit 2500

Gain on sales of assets ?

Additional information:

a) Company sells old asset for 15 000 euro. Over the years, the cost of the asset was depreciated on the company's accounting records (10 500) euro.)