The adjusted trial balance of Ayayai Wholesale Inc. contained the following accounts at December 31, the company's year end: AYAYAI WHOLESALE INC. Adjusted Trial Balance December 31, 2021 Debit Credit Prepare a single-step statement of income Cash $ 9.820 Accounts receivable 15.760 AYAYAI WHOLESALE INC. Statement of Income (Single-step) Prepaid insurance 1.920 Inventory 83,680 Supplies 5.140 Land 102,800 Buildings 175,200 $ Accumulated depreciation-buildings $ 74,450 Equipment 76,400 Accumulated depreciation equipment 26,720 $ Accounts payable 44,960 Deferred revenue 7.720 Refund liability 3,760 Income tax payable 2.800 Bank loan payable 78,560 Common shares 40.000 Retained earnings 113,860 Sales 849,100 Cost of goods sold 644.990 Administrative expenses 70,810 Selling expenses 33.680 Interest expense 9,880 Interest income 1,910 Income tax expense 13.760 $ 1.243.840 $ 1.243,840