The following information was taken from the records of Blissey Inc. for the year 2018:

Gainother (due to expropriation) $300,000

Loss from operation of discontinued Rochelle Division 240,000

Administrative expenses 750,000

Rent revenue 130,000

Lossother (due to flood) 190,000

Cash dividends declared 220,000

Retained earnings, January 1, 2018 1,900,000

Cost of goods sold 2,680,000

Selling expenses 950,000

Sales revenue 6,000,000

The following additional information was also available:

income tax applicable to income from continuing operations, $465,000;

income tax recovery applicable to loss from operation of discontinued Rochelle Division, $60,000.

The company has elected to adopt ASPE.

Required:

Prepare a single-step income statement for 2018, showing expenses by function.