Summary operating data for Custom Wire & Tubing Company during the year ended April 30, 2016, are as follows: cost of merchandise sold, $5,982,450; administrative expenses, $752,400; interest expense, $23,850; rent revenue, $61,850; sales, $9,449,300; and selling expenses, $1,240,950. Prepare a single-step income statement. Be sure to complete the statement heading. Refer to the lists of Labels, Accounts, and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon (:) will automatically appear if it is required. If a net loss is incurred, enter that amount as a negative number using a minus sign.