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 $1,073,300 6,500 23,000 8,600 397,121 252,879 95,000 85.000 15,500 58,000 12,000 17,000 Prepare a single-step statement of income for the year ended April 30, 2020. Riddell Ltd. Statement of Income Riddell Ltd. Statement of Income Prepare a multi-step statement of income for the year ended April 30, 2020. Riddell Ltd. Statement of Income Question 2 of 7