The following selected accounts from Highview Electronics Corporation's general ledger are presented below for the year ended December 31, 2021 $222,600 642,180 46,200 210,000 984,480 105,000 126,000 Accounts receivable Accumulated depreciation-equipment Advertising expense Common shares Cost of goods sold Depreciation expense Dividends declared Equipment Freight out Income tax expense Insurance expense Interest expense Interest income Inventory Prepaid expenses 1.218,000 21.000 58,800 19,320 52,080 25,200 81.480 26,040 Rent income 20,160 Retained earnings 449,400 Salaries expense 592,200 Salaries expense 592,200 Sales 2,175,180 (a) Your answer has been saved. See score details after the due date. Prepare a single-step statement of income. Highview Electronics Corporation Statement of Income (Single-step) Revenues Sales 2,175,180 Rent Income 20,160 Interest Income 25.200 Total revenues 2.220.540 Expenses Expenses Cost of Goods Sold 984.480 Advertising Expense 46.200 Depreciation Expense 105,000 Freight Out 21.000 Income Tax Expense 58,800 Insurance Expense 19.320 Interest Expense 52080 Expenses 592 200 Total revenues total expenses 1.879.080 Net Income 341.460 Highview Electronics Corporation Statement of Incorne (Multiple-step) $ C Save for Later Attempts: 0 of 1 used Submit