Question 21 1 pts Use the following information: Motown Corporation has the following information for the current year end: Net Sales = $900,000 Interest Revenue = $200 Dividend Revenue = $350 Cost of Goods Sold = $678,000 Interest Expense = $13,500 Administrative Expenses = $56,000 Selling Expenses = $27,400 Tax Rate 20% Common Shares outstanding 35,000 Prepare a single-step income statement: 20.) Total expenses if preparing a single step income statement equals: 1. Input an amount. 2. Do not use commas, decimals or dollar signs. 3. Do NOT use negative amounts. 4. Round to the nearest whole dollar. Rounding has been taken into consideration.