Summary operating for Custom Wire & Tubing Company during the year ended April 30, 2018, are as follows: cost of goods sold, $388,600; administrative expenses, $47,500; interest expense, $29,000; rent revenue, $95,00; sales, $617,500; and selling expenses, $71,300. Prepare a single-step income statement.

Custom Wire & Tubing Company Income Statement For the Year Ended April 30, 2018 Revenues: Total revenues Expenses: Total expenses