The following selected accounts from Swifty Corporation's general ledger are presented below for the year ended December 31, 2021: Accounts payable Accounts receivable Accumulated depreciation equipment Cash $105,840 159,840 618,840 12,960 324,000 2,079,000 Equipment Income tax expense Insurance expense Inventory Prepaid expenses Retained earnings Salaries expense Sales $1,797,120 142,560 138,240 403,920 48,600 Common shares 730,080 Cost of goods sold Depreciation expense 300,240 994,680 4,298,400 ( a) Prepare a single-step statement of income. SWIFTY CORPORATION Statement of Income (Single-step) $