The following information was taken from Riddell Ltd$\text{'}$s adjusted trial balance as at April $30,2020$:Sales revenue$$1,072,800$Interest revenue$8,000$Utilities expense$25,000$Insurance expense$7,200$Cost of goods sold$407,664$Distribution expenses$243,336$Administration expenses$90,000$Depreciation expense$62,000$Interest expense$17,000$Income tax expense$59,000$Dividends declared$-$Common shares$17,700$Dividends declared$-$Preferred shares$22\mathrm{.}700$Prepare a single$-$step statement of income for the year ended April $30.2020.$ Prepare a sinhle step income statement