Prepare a single-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Exercise 5-10 a-c (Part Level Submission) (Video) In its income statement for the year ended December 31, 2020, Sheffield Company reported the following condensed data. Operating expenses Cost of goods sold Interest expense $768,510 1,296,900 71,980 Interest revenue Loss on disposal of plant assets Net sales Other comprehensive loss $28,430 16,140 2,407,700 9,000 Prepare a single-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SHEFFIELD COMPANY Income Statement