Use the following multi-step income statement of Sandhill Company to prepare a single-step version. Income Statement For the Year Ended December 31, 2022 Sales Sales revenue $93,800 Less: Sales returns and allowances 2,600 $91,200 Net sales Cost of goods sold 49,400 Gross profit 41,800 Operating expenses 12,200 Income from operations 29,600 Other revenues and gains Interest revenue. 1,300 Other expenses and losses Loss on sale of equipment 600 $30,300 Net income Income Statement For the Year Ended December 31, 2022 $ $ $ tA