The following income statement items, arranged in alphabetical order, are taken from the records of Corbin Enterprises for the current year: Accounts Advertising expense $ 12,000 Rent expense-office $ 32,000 Cost of goods sold 160,000 Rent expense-salesperson's car 17,500 Depreciation expense-computer 5,000 Sales revenue 400,000 Dividend revenue 2,200 Supplies expense-office 1,300 Income tax expense 33,150 Utilities expense 10,000 Interest expense 1,900 Wages expense-office 52,000 Required: 1. Prepare a single-step income statement for the current year. 2. What weaknesses do you see in this form for the income statement