Summary operating data for Loma Company during the current year ended April 30, 2016, are as follows: cost of goods sold, $418,700; administrative expenses, $53,000; interest expense, $32,000; rent revenue, $106,000; sales, $689,000; and selling expenses, $79,500. Prepare a single-step income statement. Enter account decreases and cash outflows as negative amounts. Loma Company Income Statement For the Year Ended April 30, 20Y6 Revenues: Total revenues Expenses: Q Total expenses Q