Selected data from the ledger of Kool Co. after adjustment at June 30, the end of the fiscal year, are listed as follows:

Accounts Receivable	$ 39,120	Office Equipment	$ 82,700
Accumulated Depreciation	60,540	Prepaid Insurance	4,680
Administrative Expenses	90,000	Note Payable	77,750
Ann Dobbs, Capital	75,000	Salaries Payable	3,060
Cost of Merchandise Sold	655,000	Sales (net)	900,000
Ann Dobbs, Drawing	40,000	Selling Expenses	110,000
Interest Revenue	10,000	Supplies	3,125

Prepare an income statement, using the single-step form. Do not forget the heading.