The following amounts appeared on Plymouth Electronics’ adjusted trial balance as of December 31, 2023.
 

	Debit			Credit
Merchandise inventory	$	20,500
Other assets		497,785
Liabilities				$	322,370
Celine Plymouth, capital					253,655
Celine Plymouth, withdrawals		68,000
Sales					952,000
Sales discounts		15,580
Sales returns and allowances		6,715
Interest income					820
Cost of goods sold		724,000
Sales salaries expense		80,200
Office salaries expense		57,500
Rent expense, selling space		34,000
Rent expense, office space		4,000
Store supplies expense		1,720
Office supplies expense		785
Depreciation expense, store equipment		9,910
Depreciation expense, office equipment		3,760
Insurance expense		4,390
Totals	$	1,528,845		$	1,528,845

Required:
2. Prepare a single-step income statement.

.