The following information was taken from Riddell Ltd.'s adjusted trial balance as at April 30, 2020: Sales revenue Interest revenue Utilities expense Insurance expense Cost of goods sold Distribution expenses Administration expenses Depreciation expense Interest expense Income tax expense Dividends declared-Common shares Dividends declared-Preferred shares $1,061,800 8,000 20,000 8,500 403,484 248,516 94,000 70,000 15,800 58,400 13,200 18,200 (a) Prepare a single-step statement of income for the year ended April 30, 2020. Riddell Ltd. Statement of Income