Arrange View sert Format Share Window Help 125% + T Insert . Chart Ch+2+Problem+Set A - Edited T Text Shape Media Comment Colla Table View Add Page Zoom Ch 2 Problem Set A Problem 2.1 The following information is taken from the accounting records of Hotrod Auto Supply at December 31, 2020. Cost of Goods Sold Depreciation Expense Income Tax Expense Insurance Expense $301,720 28,250 21,200 12,000 Interest Expense Rent Expense Salaries & Wages Expense Sales Revenue 3,600 24,000 141,500 612,020 Requirements: 1. Prepare a single-step income statement for the year ended December 31, 2020 2. Prepare a multi-step income statement for the year ended December 31, 2020, 210 words * 2,420 AC 26