• The following information was taken from Riddell Ltd:s adjusted trial balance as at April 30.2020: Sales revenue $1,061,300 Interest revenue 6.000 Utilities expense 24,000 Insurance expense 6.200 Cost of goods sold 403,294 Distribution expenses 244.706 Administration expenses 94,000 Depreciation expense 89.000 Interest expense 18.500 Income tax expense 57.000 Dividends declared—Common shares 12.400 Dividends declared—Preferred shares 17.400 Prepare a single step statement of income for the year ended April,30,2020