Single-Step Income Statement

The following income statement items, arranged in alphabetical order, are taken from the records of Murad Corporation for the current year:

Advertising expense		$1,500		Interest expense	$1,400
Commissions expense		2,415		Interest revenue	1,340
Cost of goods sold		29,200		Rent revenue	6,700
Depreciation expenseoffice				Salaries and wages expenseoffice	12,560
	building	2,900		Sales revenue	48,600
Income tax expense		1,540		Supplies expenseoffice	890
Insurance expensesalesperson's
	auto	2,250