The following account balances are taken from Sherwood Ltd's adjusted trial balance at June 30, 2020: Debit Credit Sales revenue $1254,000 Advertising Expense $123.000 Cost of goods sold 599,000 General and administrative expenses 38,000 Selling expenses 75.000 Depreciation expense 68,000 Interest expense 36.000 Interest revenue 42,000 Income tax expense 11,000 Wages expense 166,000 Utilities expense 104.000 Prepare a single-step statement of income for the year ended June 30, 2020. Sherwood Ltd Statement of Income $ S eTextbook and Media Assistance Used List of Accounts Prepare a multi-step statement of income for the year ended June 30.2020. Sherwood Ltd. Statement of Income A e Textbook and Media List of Accounts