To prepare 1 step income statement from the following information for the company KLL and to find NET INCOME.

Casualty loss from vandalism 550

Interest expense 1 800

Administrative expenses 38 000

Gain on sale of equipment ?

Selling expenses 81 500

Cost of goods sold 226 000

Interest revenue 7 000

Net sales 466 000

Company sells old equipment for 10 000 euro. Over the years, the cost of the equipment was depreciated on the company's accounting records (9400) euro.