The following selected accounts from Highview Electronics Corporation's general ledger are presented below for the year ended December 31, 2018: Accounts receivable $283,000 Accumulated depreclation-equipment 726,000 Advertising expense 60,000 Common shares 235,000 Cost of goods sold 1,064,000 Depreciation expense 126,000 137,000 Dividends declared 1,499,000 Freight out 26,000 67,000 Income tax expense Insurance expense 21,000 61,000 Interest expense Interest revenue 28,000 89,000 Inventory Prepaid expenses 30,000 Rent revenue 24,000 Retained earnings 506,000 Salaries expense 665,000 2,686,000 Sales 20,000 Sales discounts 37,000 Sales returns and allowances 17,000 Unearned revenue Part 1 Prepare a single-step income statement. Highview Electronics Corporation Income Statement (Single-step) Part 2 Prepare a multiple-step income statement. Highview Electronics Corporation Income Statement (Multiple-step)