The following selected accounts from Okanagan Corporations general ledger are presented below for the year ended December 31, 2021:

(a) Prepare a single-step statement of income. Okanagan Corporation Statement of Income (Single-step) Year Ended December 31, 2021 Revenues Sales $ Less: -Sales Discounts Less: - Sales Returns and Allowances Net sales $ Net sales $ $ The following selected accounts from Okanagan Corporation's general ledger are presented below for the year ended December 31, 2021: 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 Rent income Retained earnings Salaries expense Sales $318,000 917,400 66,000 300,000 1,406,400 150,000 180,000 1,740,000 30,000 84,000 27,600 74,400 36,000 116,400 37,200 28,800 642,000 846,000 3,107,400